Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 46.5% during the third quarter, Holdings Channel.com reports. The firm owned 220,274 shares of the company’s stock after selling 191,236 shares during the period. Avantis Emerging Markets Equity ETF comprises 1.0% of Simplicity Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Simplicity Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $16,545,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 2,366.7% during the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares in the last quarter. American Capital Advisory LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at $30,000. AdvisorNet Financial Inc raised its position in shares of Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the period. Tripletail Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $49,000. Finally, Spire Wealth Management boosted its stake in shares of Avantis Emerging Markets Equity ETF by 324.9% during the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after acquiring an additional 575 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.4%

NYSEARCA:AVEM opened at $81.70 on Thursday. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $82.06. The stock’s 50-day moving average price is $77.61 and its 200-day moving average price is $74.77. The stock has a market capitalization of $17.45 billion, a PE ratio of 12.66 and a beta of 0.68.

About Avantis Emerging Markets Equity ETF

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.