Commonwealth Equity Services LLC Has $62.10 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Commonwealth Equity Services LLC cut its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 826,781 shares of the company’s stock after selling 25,627 shares during the period. Commonwealth Equity Services LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $62,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AVEM. Fortress Financial Solutions LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 2.6% during the 3rd quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock worth $386,000 after buying an additional 131 shares during the period. Atlas Brown Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 4.2% in the second quarter. Atlas Brown Inc. now owns 4,029 shares of the company’s stock valued at $276,000 after acquiring an additional 164 shares during the last quarter. Austin Asset Management Co Inc grew its holdings in Avantis Emerging Markets Equity ETF by 3.1% during the 2nd quarter. Austin Asset Management Co Inc now owns 6,686 shares of the company’s stock worth $458,000 after acquiring an additional 199 shares during the period. L.K. Benson & Company P.C. raised its position in shares of Avantis Emerging Markets Equity ETF by 1.0% during the 2nd quarter. L.K. Benson & Company P.C. now owns 21,564 shares of the company’s stock valued at $1,478,000 after acquiring an additional 207 shares during the last quarter. Finally, Freedom Investment Management Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 2.9% during the 2nd quarter. Freedom Investment Management Inc. now owns 7,595 shares of the company’s stock valued at $521,000 after acquiring an additional 216 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.9%

NYSEARCA:AVEM opened at $80.17 on Wednesday. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $80.38. The stock’s fifty day simple moving average is $76.91 and its 200-day simple moving average is $73.86. The firm has a market capitalization of $16.60 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.