Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Sold by Austin Asset Management Co Inc

Austin Asset Management Co Inc decreased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 17.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,488 shares of the company’s stock after selling 1,138 shares during the quarter. Austin Asset Management Co Inc’s holdings in Avantis Emerging Markets Equity ETF were worth $323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVEM. AQR Capital Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the second quarter worth about $309,000. Cetera Investment Advisers boosted its stake in Avantis Emerging Markets Equity ETF by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 57,299 shares of the company’s stock worth $3,500,000 after purchasing an additional 1,088 shares in the last quarter. Brookstone Capital Management purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $491,000. CWM LLC increased its stake in Avantis Emerging Markets Equity ETF by 12.3% during the 3rd quarter. CWM LLC now owns 162,800 shares of the company’s stock valued at $10,517,000 after purchasing an additional 17,876 shares in the last quarter. Finally, BWM Planning LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $2,432,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $59.75 on Friday. The company’s fifty day moving average price is $59.73 and its 200-day moving average price is $61.13. Avantis Emerging Markets Equity ETF has a 1-year low of $55.00 and a 1-year high of $66.31. The firm has a market capitalization of $5.35 billion, a PE 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.