Focus Partners Advisor Solutions LLC Sells 210,624 Shares of Avantis Emerging Markets Equity ETF $AVEM

Focus Partners Advisor Solutions LLC trimmed its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 44.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 261,608 shares of the company’s stock after selling 210,624 shares during the quarter. Focus Partners Advisor Solutions LLC owned approximately 0.14% of Avantis Emerging Markets Equity ETF worth $19,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after buying an additional 2,596 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 2,366.7% in the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after acquiring an additional 355 shares during the last quarter. IFG Advisory LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $334,000. Telos Capital Management Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 3.9% in the 2nd quarter. Telos Capital Management Inc. now owns 12,605 shares of the company’s stock valued at $864,000 after acquiring an additional 475 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 103.1% during the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 36,877 shares of the company’s stock worth $2,531,000 after purchasing an additional 18,722 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $87.36 on Tuesday. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $89.75. The company has a market capitalization of $19.31 billion, a P/E ratio of 12.66 and a beta of 0.68. The company has a 50-day simple moving average of $82.83 and a 200 day simple moving average of $77.92.

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