ShoreHaven Wealth Partners LLC Reduces Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

ShoreHaven Wealth Partners LLC trimmed its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,845 shares of the company’s stock after selling 2,453 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of AVEM. PNC Financial Services Group Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 104.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,093 shares of the company’s stock valued at $344,000 after purchasing an additional 3,113 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 9.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 171,373 shares of the company’s stock valued at $9,933,000 after purchasing an additional 15,234 shares during the period. Symphony Financial Ltd. Co. raised its position in shares of Avantis Emerging Markets Equity ETF by 4.7% in the first quarter. Symphony Financial Ltd. Co. now owns 7,572 shares of the company’s stock valued at $439,000 after purchasing an additional 339 shares during the period. CAP Partners LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 5.7% in the first quarter. CAP Partners LLC now owns 30,676 shares of the company’s stock valued at $1,778,000 after purchasing an additional 1,648 shares during the period. Finally, ZRC Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 2.4% in the first quarter. ZRC Wealth Management LLC now owns 60,299 shares of the company’s stock valued at $3,495,000 after purchasing an additional 1,423 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 0.1 %

NYSEARCA AVEM opened at $63.30 on Friday. The company’s 50 day moving average is $62.71 and its 200-day moving average is $61.23. The firm has a market cap of $5.67 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12-month low of $50.65 and a 12-month 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.