Shore Point Advisors LLC Trims Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Shore Point Advisors LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,857 shares of the company’s stock after selling 9,289 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 1.0% of Shore Point Advisors LLC’s portfolio, making the stock its 21st biggest holding. Shore Point Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Iron Horse Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth about $28,000. Northwest Investment Counselors LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $37,000. City State Bank purchased a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter worth about $45,000. Brown Lisle Cummings Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF in the third quarter worth approximately $82,000. Finally, Nemes Rush Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 68.1% in the second quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock valued at $109,000 after purchasing an additional 724 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $58.82 on Monday. The firm has a 50 day simple moving average of $60.18 and a two-hundred day simple moving average of $61.43. The stock has a market cap of $5.26 billion, a PE ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a one year low of $53.21 and a one year high of $66.31.

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.