Assetmark Inc. Sells 64,214 Shares of Avantis Emerging Markets Equity ETF $AVEM

Assetmark Inc. cut its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 45.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,309 shares of the company’s stock after selling 64,214 shares during the period. Assetmark Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $6,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $26,000. Rothschild Investment LLC increased its holdings in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $36,000. Team Financial Group LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after buying an additional 183 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $91.70 on Wednesday. The stock has a market capitalization of $25.54 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 52 week low of $68.27 and a 52 week high of $100.83. The stock has a 50 day moving average price of $94.45 and a 200 day moving average price of $88.06.

Avantis Emerging Markets Equity ETF 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.