Foundations Investment Advisors LLC Has $10.61 Million Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Foundations Investment Advisors LLC reduced its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 164,262 shares of the company’s stock after selling 11,028 shares during the quarter. Foundations Investment Advisors LLC owned approximately 0.18% of Avantis Emerging Markets Equity ETF worth $10,611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gleason Group Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the second quarter worth approximately $33,000. CVA Family Office LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 59.7% during the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock worth $34,000 after buying an additional 209 shares during the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth approximately $37,000. City State Bank acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth approximately $45,000. Finally, Bessemer Group Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth approximately $69,000.

Avantis Emerging Markets Equity ETF Stock Down 0.7 %

Shares of AVEM stock opened at $63.95 on Tuesday. Avantis Emerging Markets Equity ETF has a 12 month low of $50.65 and a 12 month high of $66.31. The firm has a market cap of $5.72 billion, a PE ratio of 9.91 and a beta of 0.88. The stock has a 50 day moving average of $62.48 and a 200-day moving average of $61.12.

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.