Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Stock Position Cut by BSW Wealth Partners

BSW Wealth Partners decreased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 195,556 shares of the company’s stock after selling 1,828 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 1.7% of BSW Wealth Partners’ holdings, making the stock its 11th largest position. BSW Wealth Partners’ holdings in Avantis Emerging Markets Equity ETF were worth $11,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 49.2% in the 2nd quarter. Renaissance Technologies LLC now owns 9,100 shares of the company’s stock worth $556,000 after buying an additional 3,000 shares in the last quarter. AQR Capital Management LLC bought a new stake in Avantis Emerging Markets Equity ETF in the second quarter worth about $309,000. NewEdge Advisors LLC raised its position in Avantis Emerging Markets Equity ETF by 111.3% in the second quarter. NewEdge Advisors LLC now owns 29,706 shares of the company’s stock worth $1,815,000 after acquiring an additional 15,649 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $657,000. Finally, Cetera Investment Advisers boosted its position in shares of Avantis Emerging Markets Equity ETF by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 57,299 shares of the company’s stock valued at $3,500,000 after purchasing an additional 1,088 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $58.95 on Wednesday. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $54.33 and a 1-year high of $66.31. The company has a 50 day moving average price of $59.99 and a 200 day moving average price of $61.28.

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.