Sterneck Capital Management LLC Has $2.99 Million Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Sterneck Capital Management LLC lessened its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,908 shares of the company’s stock after selling 740 shares during the period. Avantis Emerging Markets Equity ETF comprises about 1.6% of Sterneck Capital Management LLC’s holdings, making the stock its 20th biggest position. Sterneck Capital Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,993,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in Avantis Emerging Markets Equity ETF by 19.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 57,931 shares of the company’s stock valued at $3,539,000 after purchasing an additional 9,259 shares in the last quarter. Natixis Advisors LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 12.4% during the second quarter. Natixis Advisors LLC now owns 16,739 shares of the company’s stock worth $1,023,000 after buying an additional 1,842 shares during the period. Private Advisor Group LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.1% during the 2nd quarter. Private Advisor Group LLC now owns 38,884 shares of the company’s stock worth $2,375,000 after acquiring an additional 2,221 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 8.0% in the 2nd quarter. Caprock Group LLC now owns 7,582 shares of the company’s stock valued at $463,000 after acquiring an additional 559 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 111.0% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 8,028 shares of the company’s stock worth $490,000 after purchasing an additional 4,223 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $59.11 on Wednesday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.72 and a 52-week high of $66.31. The company has a 50-day simple moving average of $60.96 and a 200 day simple moving average of $61.59. The company has a market capitalization of $5.29 billion, a P/E ratio of 9.91 and a beta of 0.88.

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.