Convergence Financial LLC Has $1.38 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Convergence Financial LLC raised its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.3% during the second quarter, HoldingsChannel.com reports. The firm owned 20,167 shares of the company’s stock after buying an additional 826 shares during the quarter. Convergence Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,382,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in Avantis Emerging Markets Equity ETF by 7.8% during the first quarter. Royal Bank of Canada now owns 290,593 shares of the company’s stock valued at $17,485,000 after buying an additional 20,996 shares in the last quarter. Stone Summit Wealth LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% during the 2nd quarter. Stone Summit Wealth LLC now owns 34,371 shares of the company’s stock worth $2,356,000 after acquiring an additional 935 shares during the period. Brown Advisory Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at about $426,000. Janney Montgomery Scott LLC boosted its stake in Avantis Emerging Markets Equity ETF by 27.3% in the second quarter. Janney Montgomery Scott LLC now owns 29,823 shares of the company’s stock worth $2,044,000 after purchasing an additional 6,387 shares in the last quarter. Finally, XY Planning Network Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 89.7% during the second quarter. XY Planning Network Inc. now owns 7,745 shares of the company’s stock worth $531,000 after purchasing an additional 3,663 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 2.1%

Avantis Emerging Markets Equity ETF stock opened at $76.58 on Wednesday. The company’s 50-day moving average is $74.99 and its two-hundred day moving average is $69.82. The company has a market cap of $14.19 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $78.76.

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.