Waypoint Wealth Partners Inc. Has $25.88 Million Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Waypoint Wealth Partners Inc. trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 440,144 shares of the company’s stock after selling 7,480 shares during the period. Avantis Emerging Markets Equity ETF comprises 7.1% of Waypoint Wealth Partners Inc.’s investment portfolio, making the stock its 4th biggest position. Waypoint Wealth Partners Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $25,876,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AVEM. Evanson Asset Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 2.2% during the 4th quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock valued at $516,000 after buying an additional 187 shares in the last quarter. Orion Capital Management LLC lifted its stake in Avantis Emerging Markets Equity ETF by 2.1% in the 3rd quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock worth $646,000 after purchasing an additional 204 shares in the last quarter. Atlas Brown Inc. lifted its stake in Avantis Emerging Markets Equity ETF by 7.0% in the 4th quarter. Atlas Brown Inc. now owns 3,857 shares of the company’s stock worth $227,000 after purchasing an additional 254 shares in the last quarter. Telos Capital Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 2.5% in the 4th quarter. Telos Capital Management Inc. now owns 10,960 shares of the company’s stock worth $644,000 after buying an additional 265 shares during the last quarter. Finally, Apollon Financial LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 1.2% during the 3rd quarter. Apollon Financial LLC now owns 23,560 shares of the company’s stock valued at $1,522,000 after purchasing an additional 284 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $61.16 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $55.65 and a 52-week high of $66.31. The firm has a market capitalization of $5.47 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock has a 50 day moving average price of $59.60 and a 200-day moving average price of $61.14.

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.