Flagstone Financial Management Cuts Holdings in Avantis Emerging Markets Equity ETF $AVEM

Flagstone Financial Management lowered its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 6.5% in the third quarter, HoldingsChannel reports. The fund owned 96,273 shares of the company’s stock after selling 6,644 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.9% of Flagstone Financial Management’s portfolio, making the stock its 12th largest position. Flagstone Financial Management’s holdings in Avantis Emerging Markets Equity ETF were worth $7,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Fortress Financial Solutions LLC raised its holdings in Avantis Emerging Markets Equity ETF by 2.6% in the 3rd quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock worth $386,000 after purchasing an additional 131 shares during the period. Austin Asset Management Co Inc grew its holdings in Avantis Emerging Markets Equity ETF by 3.1% in the second quarter. Austin Asset Management Co Inc now owns 6,686 shares of the company’s stock valued at $458,000 after purchasing an additional 199 shares during the period. L.K. Benson & Company P.C. increased its position in shares of Avantis Emerging Markets Equity ETF by 1.0% in the second quarter. L.K. Benson & Company P.C. now owns 21,564 shares of the company’s stock valued at $1,478,000 after buying an additional 207 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 2.9% in the second quarter. Freedom Investment Management Inc. now owns 7,595 shares of the company’s stock valued at $521,000 after buying an additional 216 shares in the last quarter. Finally, Hardin Capital Partners LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. Hardin Capital Partners LLC now owns 13,578 shares of the company’s stock worth $1,020,000 after buying an additional 275 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $83.10 on Tuesday. The company’s fifty day moving average price is $77.94 and its 200 day moving average price is $75.11. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $83.44. The stock has a market capitalization of $18.19 billion, a P/E ratio of 12.66 and a beta of 0.68.

Avantis Emerging Markets Equity ETF Company 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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.