Gradient Investments LLC Lowers Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Gradient Investments LLC cut its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 554,589 shares of the company’s stock after selling 48,696 shares during the period. Gradient Investments LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $33,880,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TD Capital Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $28,000. Principal Securities Inc. bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $31,000. Gleason Group Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $33,000. Finally, CVA Family Office LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 59.7% during the 2nd quarter. CVA Family Office LLC now owns 559 shares of the company’s stock worth $34,000 after purchasing an additional 209 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 1.1 %

AVEM traded up $0.67 during trading on Friday, hitting $61.49. 221,020 shares of the company traded hands, compared to its average volume of 362,199. The firm has a market cap of $5.50 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $63.64. The stock’s fifty day moving average is $61.00 and its 200 day moving average is $59.29.

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.