Northwestern Mutual Wealth Management Co. Sells 2,699,453 Shares of Avantis Emerging Markets Equity ETF $AVEM

Northwestern Mutual Wealth Management Co. trimmed its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 96.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,630 shares of the company’s stock after selling 2,699,453 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Avantis Emerging Markets Equity ETF were worth $8,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Team Financial Group LLC grew its position in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $65,000. LGT Financial Advisors LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $78,000. Spire Wealth Management grew its position in Avantis Emerging Markets Equity ETF by 43.4% during the 4th quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after purchasing an additional 326 shares during the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $91,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $93.05 on Friday. The company’s 50-day moving average is $86.83 and its 200 day moving average is $82.66. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a one year low of $63.91 and a one year high of $96.07.

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.