Bridgewater Advisors Inc. Lowers Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Bridgewater Advisors Inc. trimmed its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,770 shares of the company’s stock after selling 7,943 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 1.0% of Bridgewater Advisors Inc.’s holdings, making the stock its 23rd largest position. Bridgewater Advisors Inc. owned 0.17% of Avantis Emerging Markets Equity ETF worth $6,528,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tandem Wealth Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $25,000. Westside Investment Management Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 740.0% in the fourth quarter. Westside Investment Management Inc. now owns 840 shares of the company’s stock worth $47,000 after purchasing an additional 740 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 75.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock worth $157,000 after purchasing an additional 1,280 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in Avantis Emerging Markets Equity ETF by 6,247.9% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 3,047 shares of the company’s stock valued at $172,000 after buying an additional 2,999 shares during the period. Finally, Lauterbach Financial Advisors LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.7% during the third quarter. Lauterbach Financial Advisors LLC now owns 4,383 shares of the company’s stock valued at $231,000 after buying an additional 275 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.4 %

Shares of NYSEARCA AVEM traded down $0.83 during midday trading on Tuesday, reaching $58.43. The company had a trading volume of 280,791 shares, compared to its average volume of 345,716. The stock has a market cap of $5.16 billion, a PE ratio of 9.46 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $59.40. The firm’s fifty day moving average price is $57.75 and its 200-day moving average price is $55.63.

Avantis Emerging Markets Equity ETF Company 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.