ORBA Wealth Advisors L.L.C. Sells 9,825 Shares of Avantis Emerging Markets Equity ETF $AVEM

ORBA Wealth Advisors L.L.C. trimmed its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,468 shares of the company’s stock after selling 9,825 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 2.7% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 9th largest position. ORBA Wealth Advisors L.L.C.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,294,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Align Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Kestra Investment Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP bought a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $93,504,000. Finally, LPL Financial LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after buying an additional 1,061,034 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM traded down $3.12 during trading hours on Tuesday, hitting $92.19. 297,112 shares of the stock were exchanged, compared to its average volume of 1,990,625. The company’s 50 day moving average is $94.36 and its 200 day moving average is $86.72. The firm has a market capitalization of $25.13 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a one year low of $68.27 and a one year high of $100.83.

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