Gradient Investments LLC Sells 48,696 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Gradient Investments LLC lessened its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 554,589 shares of the company’s stock after selling 48,696 shares during the period. Gradient Investments LLC owned approximately 0.62% of Avantis Emerging Markets Equity ETF worth $33,880,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AVEM. Savant Capital LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 10.7% in the 4th quarter. Savant Capital LLC now owns 12,270,330 shares of the company’s stock valued at $691,924,000 after purchasing an additional 1,185,965 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 10.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,695,200 shares of the company’s stock valued at $377,542,000 after buying an additional 658,440 shares during the period. Annex Advisory Services LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 16.3% during the first quarter. Annex Advisory Services LLC now owns 2,309,443 shares of the company’s stock worth $133,855,000 after acquiring an additional 323,204 shares in the last quarter. Haverford Trust Co raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1.7% during the first quarter. Haverford Trust Co now owns 2,232,347 shares of the company’s stock worth $129,387,000 after acquiring an additional 37,682 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Avantis Emerging Markets Equity ETF by 199.3% during the fourth quarter. Wells Fargo & Company MN now owns 992,458 shares of the company’s stock worth $55,965,000 after acquiring an additional 660,865 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.1 %

Shares of NYSEARCA:AVEM traded up $0.67 during mid-day trading on Friday, reaching $61.49. 221,020 shares of the stock were exchanged, compared to its average volume of 362,199. The stock’s 50 day simple moving average is $61.00 and its 200-day simple moving average is $59.29. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $63.64. The company has a market cap of $5.50 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.