Carlson Capital Management Trims Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Carlson Capital Management lessened its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 60,676 shares of the company’s stock after selling 6,746 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 0.2% of Carlson Capital Management’s investment portfolio, making the stock its 25th biggest holding. Carlson Capital Management’s holdings in Avantis Emerging Markets Equity ETF were worth $3,920,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVEM. Iron Horse Wealth Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $28,000. Gleason Group Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter worth about $33,000. CVA Family Office LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 59.7% in 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 in the last quarter. Northwest Investment Counselors LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $37,000. Finally, City State Bank purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $45,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock traded down $0.37 during trading hours on Tuesday, reaching $60.80. The company’s stock had a trading volume of 25,847 shares, compared to its average volume of 387,991. Avantis Emerging Markets Equity ETF has a one year low of $52.72 and a one year high of $66.31. The stock has a market cap of $5.44 billion, a P/E ratio of 9.91 and a beta of 0.88. The firm has a 50 day moving average price of $63.15 and a 200-day moving average price of $61.79.

About Avantis Emerging Markets Equity ETF

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.