Versant Capital Management Inc Has $35.84 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

Versant Capital Management Inc trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 371,481 shares of the company’s stock after selling 9,472 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 3.2% of Versant Capital Management Inc’s holdings, making the stock its 5th largest position. Versant Capital Management Inc owned about 0.14% of Avantis Emerging Markets Equity ETF worth $35,844,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Greenwood Capital Associates LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 24.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after purchasing an additional 9,895 shares during the last quarter. Echo Wealth Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 31.1% in the fourth quarter. Echo Wealth Management LLC now owns 102,188 shares of the company’s stock valued at $7,871,000 after purchasing an additional 24,256 shares during the last quarter. Financial Plan Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at about $36,439,000. Grand Wealth Management LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 5.1% in the fourth quarter. Grand Wealth Management LLC now owns 162,479 shares of the company’s stock valued at $12,514,000 after purchasing an additional 7,850 shares during the period. Finally, Telos Capital Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 8.9% during the 1st quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after buying an additional 6,605 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $90.23 on Tuesday. The company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The company has a 50-day simple moving average of $93.83 and a 200 day simple moving average of $88.67. Avantis Emerging Markets Equity ETF has a 52 week low of $69.15 and a 52 week high of $100.83.

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.