Focus Financial Network Inc. Trims Position in Avantis Emerging Markets Equity ETF $AVEM

Focus Financial Network Inc. decreased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 27.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 27,755 shares of the company’s stock after selling 10,528 shares during the period. Focus Financial Network Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $2,678,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% during the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after acquiring an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new position in Avantis Emerging Markets Equity ETF in the second quarter worth approximately $287,000. Diversify Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 2nd quarter worth $478,000. Diversify Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF by 20.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in Avantis Emerging Markets Equity ETF by 74.1% during the 2nd quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after purchasing an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.4%

Shares of AVEM stock opened at $91.87 on Tuesday. Avantis Emerging Markets Equity ETF has a twelve month low of $70.27 and a twelve month high of $100.83. The stock has a fifty day simple moving average of $93.32 and a two-hundred day simple moving average of $89.06. The stock has a market capitalization of $26.15 billion, a price-to-earnings ratio of 12.66 and a beta of 0.74.

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.