Versant Capital Management Inc Lowers Holdings in Avantis Emerging Markets Equity ETF $AVEM

Versant Capital Management Inc lowered its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.5% in the second quarter, Holdings Channel reports. The institutional investor owned 371,481 shares of the company’s stock after selling 9,472 shares during the period. Avantis Emerging Markets Equity ETF makes up about 3.2% of Versant Capital Management Inc’s portfolio, making the stock its 5th largest position. Versant Capital Management Inc’s holdings in Avantis Emerging Markets Equity ETF were worth $35,844,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 45.1% during the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after acquiring an additional 8,908,264 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. Wells Fargo & Company MN boosted its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 shares during the period. Finally, Morgan Stanley grew its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after purchasing an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.8%

Shares of AVEM opened at $90.23 on Tuesday. Avantis Emerging Markets Equity ETF has a 12 month low of $69.15 and a 12 month high of $100.83. The firm’s 50 day moving average is $93.83 and its 200-day moving average is $88.67. The stock has a market capitalization of $25.68 billion, a PE ratio of 12.66 and a beta of 0.73.

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.