Pacific Life Fund Advisors LLC Trims Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Pacific Life Fund Advisors LLC lessened its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,339 shares of the company’s stock after selling 917 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 0.5% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 18th largest holding. Pacific Life Fund Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,190,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Iron Horse Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth $28,000. Gleason Group Inc. bought a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at $33,000. CVA Family Office LLC raised its position in Avantis Emerging Markets Equity ETF by 59.7% during the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after purchasing an additional 209 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth about $37,000. Finally, City State Bank purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth about $45,000.

Avantis Emerging Markets Equity ETF Stock Down 0.9 %

Shares of Avantis Emerging Markets Equity ETF stock traded down $0.55 during trading on Thursday, hitting $62.20. 56,219 shares of the stock traded hands, compared to its average volume of 379,583. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $66.31. The firm’s fifty day moving average is $62.78 and its 200-day moving average is $61.34.

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.