ORBA Wealth Advisors L.L.C. Sells 9,825 Shares of Avantis Emerging Markets Equity ETF $AVEM

ORBA Wealth Advisors L.L.C. lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,468 shares of the company’s stock after selling 9,825 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 2.7% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 9th largest holding. ORBA Wealth Advisors L.L.C.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the last quarter. Align Financial LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $528,227,000. Wells Fargo & Company MN raised its holdings in shares of Avantis Emerging Markets Equity ETF by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock traded down $3.12 on Tuesday, hitting $92.19. The company’s stock had a trading volume of 297,112 shares, compared to its average volume of 1,990,625. The stock has a market capitalization of $25.13 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a fifty-two week low of $68.27 and a fifty-two week high of $100.83. The firm’s fifty day moving average price is $94.36 and its 200-day moving average price is $86.72.

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.