Oak Root LLC Sells 91,749 Shares of Avantis Emerging Markets Equity ETF $AVEM

Oak Root LLC lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,075,466 shares of the company’s stock after selling 91,749 shares during the period. Avantis Emerging Markets Equity ETF accounts for 10.0% of Oak Root LLC’s investment portfolio, making the stock its 4th biggest position. Oak Root LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $82,832,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Breakwater Capital Group boosted its position in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares during the period. Asempa Wealth Advisors acquired a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $939,000. CFS Investment Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at about $3,713,000. Centennial Wealth Advisory LLC raised its position in Avantis Emerging Markets Equity ETF by 48.4% in the third quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock valued at $2,006,000 after purchasing an additional 8,707 shares during the period. Finally, White Pine Investment CO acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $2,799,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $80.67 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75. The business has a 50-day moving average of $83.72 and a 200-day moving average of $79.33. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

Avantis Emerging Markets Equity ETF Profile

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.