Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Sold by Concord Wealth Partners

Concord Wealth Partners lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 214,941 shares of the company’s stock after selling 10,536 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 2.1% of Concord Wealth Partners’ portfolio, making the stock its 10th biggest position. Concord Wealth Partners’ holdings in Avantis Emerging Markets Equity ETF were worth $12,636,000 as of its most recent filing with the Securities and Exchange Commission.

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

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $59.21 on Friday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $54.33 and a fifty-two week high of $66.31. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The business has a 50-day moving average of $59.85 and a 200-day moving average of $61.20.

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.