Sage Rhino Capital LLC Sells 8,750 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Sage Rhino Capital LLC decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,336 shares of the company’s stock after selling 8,750 shares during the quarter. Sage Rhino Capital LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,034,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in Avantis Emerging Markets Equity ETF by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 130,302 shares of the company’s stock valued at $6,879,000 after purchasing an additional 1,794 shares in the last quarter. Trellis Wealth Advisors LLC increased its stake in Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. Trellis Wealth Advisors LLC now owns 73,797 shares of the company’s stock valued at $3,896,000 after purchasing an additional 1,545 shares in the last quarter. Waypoint Wealth Partners Inc. increased its stake in Avantis Emerging Markets Equity ETF by 2.5% during the 3rd quarter. Waypoint Wealth Partners Inc. now owns 425,202 shares of the company’s stock valued at $22,446,000 after purchasing an additional 10,264 shares in the last quarter. Bridgewater Advisors Inc. increased its stake in Avantis Emerging Markets Equity ETF by 2.8% during the 3rd quarter. Bridgewater Advisors Inc. now owns 123,713 shares of the company’s stock valued at $6,531,000 after purchasing an additional 3,341 shares in the last quarter. Finally, Austin Asset Management Co Inc increased its stake in Avantis Emerging Markets Equity ETF by 19.7% during the 3rd quarter. Austin Asset Management Co Inc now owns 5,768 shares of the company’s stock valued at $305,000 after purchasing an additional 949 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.4 %

AVEM stock traded down $0.83 during midday trading on Tuesday, reaching $58.43. 280,791 shares of the company’s stock traded hands, compared to its average volume of 345,716. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 9.46 and a beta of 0.80. The firm’s fifty day moving average price is $57.78 and its 200-day moving average price is $55.67. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $59.40.

About Avantis Emerging Markets Equity ETF

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.