Avantis Emerging Markets Equity ETF $AVEM Stock: Gen Wealth Partners Inc Decreases Holdings

Gen Wealth Partners Inc trimmed its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 99.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 272 shares of the company’s stock after selling 28,870 shares during the period. Gen Wealth Partners Inc’s holdings in Avantis Emerging Markets Equity ETF were worth $26,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in shares of Avantis Emerging Markets Equity ETF by 45.1% during the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after buying an additional 8,908,264 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $248,060,000. Kestra Investment Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 9.3% in the 3rd quarter. Kestra Investment Management LLC now owns 2,061,339 shares of the company’s stock valued at $193,807,000 after buying an additional 175,853 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after buying an additional 131,390 shares during the period. Finally, Annex Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $157,364,000.

Avantis Emerging Markets Equity ETF Stock Down 1.4%

Shares of AVEM opened at $85.89 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $73.79 and a 52 week high of $100.83. The company has a market capitalization of $26.98 billion, a price-to-earnings ratio of 10.99 and a beta of 0.79. The stock’s 50-day moving average price is $91.44 and its 200-day moving average price is $90.16.

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.