Simplicity Wealth LLC Cuts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Simplicity Wealth LLC lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 220,274 shares of the company’s stock after selling 191,236 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 1.0% of Simplicity Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Simplicity Wealth LLC owned approximately 0.12% of Avantis Emerging Markets Equity ETF worth $16,545,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Centennial Wealth Advisory LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 48.4% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock valued at $2,006,000 after acquiring an additional 8,707 shares during the period. Modera Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 0.7% during the 2nd quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock valued at $12,411,000 after purchasing an additional 1,234 shares during the last quarter. Atlas Brown Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 223.9% in the third quarter. Atlas Brown Inc. now owns 13,051 shares of the company’s stock valued at $980,000 after purchasing an additional 9,022 shares during the period. White Pine Investment CO purchased a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth about $2,799,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 47.1% in the third quarter. Farther Finance Advisors LLC now owns 458,429 shares of the company’s stock worth $34,432,000 after purchasing an additional 146,832 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.4%

Shares of NYSEARCA AVEM opened at $81.70 on Thursday. The company has a 50 day simple moving average of $77.61 and a two-hundred day simple moving average of $74.77. The stock has a market cap of $17.45 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $82.06.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.