Gradient Investments LLC Has $99.52 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Gradient Investments LLC lessened its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,031,444 shares of the company’s stock after selling 112,032 shares during the period. Avantis Emerging Markets Equity ETF accounts for 1.4% of Gradient Investments LLC’s portfolio, making the stock its 14th largest holding. Gradient Investments LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $99,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter valued at $287,000. Diversify Advisory Services LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth $478,000. Diversify Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after acquiring an additional 6,271 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.7%

Shares of AVEM opened at $92.27 on Friday. The stock’s fifty day simple moving average is $93.46 and its 200-day simple moving average is $88.93. The firm has a market capitalization of $26.26 billion, a PE ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a 12-month low of $70.27 and a 12-month high of $100.83.

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.