Foster & Motley Inc. Cuts Stake in Avantis Emerging Markets Equity ETF $AVEM

Foster & Motley Inc. lessened its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 538,462 shares of the company’s stock after selling 15,794 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 2.2% of Foster & Motley Inc.’s investment portfolio, making the stock its 7th biggest holding. Foster & Motley Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $40,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after purchasing an additional 355 shares during the period. AdvisorNet Financial Inc lifted its holdings 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 valued at $34,000 after purchasing an additional 335 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $49,000. Spire Wealth Management grew its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% during the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock worth $56,000 after buying an additional 575 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $57,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA AVEM opened at $79.72 on Thursday. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $80.38. The stock’s 50 day moving average price is $76.93 and its two-hundred day moving average price is $73.90. The stock has a market capitalization of $16.62 billion, a price-to-earnings 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.