TCI Wealth Advisors Inc. Cuts Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

TCI Wealth Advisors Inc. reduced its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 267,806 shares of the company’s stock after selling 1,194 shares during the period. Avantis Emerging Markets Equity ETF makes up 1.5% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 17th largest holding. TCI Wealth Advisors Inc. owned approximately 0.30% of Avantis Emerging Markets Equity ETF worth $17,300,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Strategic Financial Concepts LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 7,528.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock worth $131,785,000 after purchasing an additional 2,128,958 shares during the last quarter. Savant Capital LLC increased its stake in Avantis Emerging Markets Equity ETF by 7.5% in the 2nd quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after acquiring an additional 992,460 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Avantis Emerging Markets Equity ETF by 10.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock worth $498,677,000 after acquiring an additional 803,346 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 90.9% during the 1st quarter. Jane Street Group LLC now owns 908,457 shares of the company’s stock worth $52,654,000 after acquiring an additional 432,514 shares in the last quarter. Finally, Cannon Financial Strategists Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at approximately $20,287,000.

Avantis Emerging Markets Equity ETF Trading Up 0.5 %

Shares of AVEM stock traded up $0.33 on Monday, reaching $63.63. The company’s stock had a trading volume of 91,841 shares, compared to its average volume of 379,424. The stock’s fifty day simple moving average is $62.71 and its 200-day simple moving average is $61.25. Avantis Emerging Markets Equity ETF has a 1 year low of $50.65 and a 1 year high of $66.31. The company has a market capitalization of $5.69 billion, a price-to-earnings 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.