Berger Financial Group Inc Cuts Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Berger Financial Group Inc cut its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 179,470 shares of the company’s stock after selling 23,302 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 0.8% of Berger Financial Group Inc’s investment portfolio, making the stock its 27th biggest position. Berger Financial Group Inc’s holdings in Avantis Emerging Markets Equity ETF were worth $14,462,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,596 shares during the period. M&T Bank Corp bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $287,000. Diversify Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $478,000. Diversify Wealth Management LLC grew its holdings 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 buying an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings 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 buying an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $92.44 on Friday. The stock has a market cap of $25.20 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 1 year low of $68.15 and a 1 year high of $100.83. The firm’s 50 day moving average price is $94.36 and its 200-day moving average price is $86.65.

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.