Verus Financial Partners Inc. Sells 3,132,711 Shares of Avantis Emerging Markets ex-China Equity ETF $AVXC

Verus Financial Partners Inc. reduced its stake in shares of Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) by 99.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,651 shares of the company’s stock after selling 3,132,711 shares during the quarter. Verus Financial Partners Inc.’s holdings in Avantis Emerging Markets ex-China Equity ETF were worth $464,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWS Financial Advisors LLC purchased a new position in shares of Avantis Emerging Markets ex-China Equity ETF in the 1st quarter worth approximately $1,732,000. Concurrent Investment Advisors LLC bought a new position in shares of Avantis Emerging Markets ex-China Equity ETF during the 2nd quarter valued at approximately $1,100,000. Clearwater Capital Advisors LLC increased its position in shares of Avantis Emerging Markets ex-China Equity ETF by 13.8% during the 1st quarter. Clearwater Capital Advisors LLC now owns 464,766 shares of the company’s stock valued at $31,433,000 after purchasing an additional 56,526 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in Avantis Emerging Markets ex-China Equity ETF during the 3rd quarter valued at $1,941,000. Finally, Vestment Financial LLC raised its holdings in Avantis Emerging Markets ex-China Equity ETF by 6.1% during the 3rd quarter. Vestment Financial LLC now owns 228,025 shares of the company’s stock valued at $18,690,000 after buying an additional 13,171 shares during the period.

Avantis Emerging Markets ex-China Equity ETF Stock Down 3.1%

Shares of AVXC opened at $74.94 on Friday. The company has a market cap of $427.16 million, a PE ratio of 13.75 and a beta of 0.92. The business has a fifty day moving average of $81.44 and a 200 day moving average of $77.57. Avantis Emerging Markets ex-China Equity ETF has a 52-week low of $60.18 and a 52-week high of $88.77.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Tuesday, September 8th were given a dividend of $0.4484 per share. This represents a $1.79 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.4432. The ex-dividend date was Tuesday, September 8th.

Avantis Emerging Markets ex-China Equity ETF Company Profile

The Avantis Emerging Markets ex-China Equity ETF (AVXC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in emerging market companies (excluding China) with high profitability and value characteristics. The fund seeks long-term capital growth AVXC was launched on Mar 19, 2024 and is issued by American Century Investments.