Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Convergence Financial LLC

Convergence Financial LLC decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 45.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 134,831 shares of the company’s stock after selling 112,190 shares during the period. Avantis Emerging Markets Equity ETF comprises about 1.8% of Convergence Financial LLC’s investment portfolio, making the stock its 15th largest holding. Convergence Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $12,677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AVEM. Baird Financial Group Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 135.1% during the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after purchasing an additional 83,919 shares during the last quarter. Independence Bank of Kentucky increased its stake in shares of Avantis Emerging Markets Equity ETF by 39.3% in the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after buying an additional 22,913 shares in the last quarter. Cahill Financial Advisors Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.3% in the second quarter. Cahill Financial Advisors Inc. now owns 157,737 shares of the company’s stock valued at $15,220,000 after buying an additional 6,475 shares in the last quarter. HB Wealth Management LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 4.5% in the second quarter. HB Wealth Management LLC now owns 1,108,268 shares of the company’s stock valued at $106,937,000 after buying an additional 47,729 shares in the last quarter. Finally, Evanson Financial LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $940,000.

Avantis Emerging Markets Equity ETF Stock Up 1.3%

Avantis Emerging Markets Equity ETF stock opened at $89.37 on Thursday. The stock has a 50-day simple moving average of $93.34 and a 200 day simple moving average of $89.94. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83. The stock has a market capitalization of $27.52 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.

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.