Truepoint Inc. Sells 6,273 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Truepoint Inc. lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 388,608 shares of the company’s stock after selling 6,273 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 0.7% of Truepoint Inc.’s holdings, making the stock its 22nd largest holding. Truepoint Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $25,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AVEM. O Shaughnessy Asset Management LLC bought a new position in Avantis Emerging Markets Equity ETF during the first quarter worth $78,000. Bessemer Group Inc. bought a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $69,000. Axxcess Wealth Management LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $209,000. WMS Partners LLC increased its holdings in Avantis Emerging Markets Equity ETF by 2.2% in the 1st quarter. WMS Partners LLC now owns 981,239 shares of the company’s stock valued at $56,873,000 after buying an additional 21,542 shares during the period. Finally, Jane Street Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 90.9% in the 1st quarter. Jane Street Group LLC now owns 908,457 shares of the company’s stock valued at $52,654,000 after buying an additional 432,514 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $60.98 on Friday. The firm has a market capitalization of $5.46 billion, a PE ratio of 9.91 and a beta of 0.88. The company’s fifty day moving average price is $63.14 and its two-hundred day moving average price is $61.77. Avantis Emerging Markets Equity ETF has a 52-week low of $52.72 and a 52-week high of $66.31.

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.