REDW Wealth LLC Trims Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

REDW Wealth LLC decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,721 shares of the company’s stock after selling 9,721 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 1.0% of REDW Wealth LLC’s investment portfolio, making the stock its 24th largest position. REDW Wealth LLC owned about 0.05% of Avantis Emerging Markets Equity ETF worth $2,806,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 223.6% during the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after purchasing an additional 1,393 shares during the period. Natixis Advisors LLC raised its holdings in Avantis Emerging Markets Equity ETF by 12.6% during the third quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock valued at $1,217,000 after acquiring an additional 2,107 shares during the period. Truist Financial Corp raised its holdings in Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock valued at $337,000 after acquiring an additional 224 shares during the period. Silvia Mccoll Wealth Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 7.7% in the fourth quarter. Silvia Mccoll Wealth Management LLC now owns 24,272 shares of the company’s stock valued at $1,427,000 after acquiring an additional 1,740 shares in the last quarter. Finally, Magnolia Private Wealth LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $1,469,000.

Avantis Emerging Markets Equity ETF Trading Up 0.6 %

NYSEARCA:AVEM opened at $61.19 on Monday. The stock has a 50-day moving average price of $59.67 and a 200 day moving average price of $61.23. The stock has a market capitalization of $7.66 billion, a P/E ratio of 11.90 and a beta of 0.78. Avantis Emerging Markets Equity ETF has a 12-month low of $55.65 and a 12-month high of $66.31.

Avantis Emerging Markets Equity ETF Company 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.