HighTower Advisors LLC Decreases Stake in Avantis Emerging Markets Equity ETF $AVEM

HighTower Advisors LLC cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,247,030 shares of the company’s stock after selling 16,551 shares during the period. HighTower Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $173,066,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AVEM. Team Financial Group LLC increased its stake in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $65,000. LGT Financial Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $78,000. Spire Wealth Management grew its holdings in shares of Avantis Emerging Markets Equity ETF by 43.4% during the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after buying an additional 326 shares during the last quarter. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $91,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $91.47 on Tuesday. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. The business has a fifty day moving average of $86.06 and a 200 day moving average of $82.28. Avantis Emerging Markets Equity ETF has a 1 year low of $63.91 and a 1 year high of $96.07.

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