Factor Wealth Management LTD Sells 6,049 Shares of Avantis Emerging Markets Equity ETF $AVEM

Factor Wealth Management LTD decreased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,000 shares of the company’s stock after selling 6,049 shares during the quarter. Factor Wealth Management LTD’s holdings in Avantis Emerging Markets Equity ETF were worth $4,190,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after acquiring an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after purchasing an additional 418,018 shares during the period. Align Financial LLC bought a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $528,227,000. Wells Fargo & Company MN lifted its stake in Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares during the period. Finally, Morgan Stanley boosted its holdings in Avantis Emerging Markets Equity ETF by 12.6% during the fourth quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock valued at $435,908,000 after purchasing an additional 631,367 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.1%

AVEM stock opened at $94.78 on Thursday. Avantis Emerging Markets Equity ETF has a 1-year low of $67.75 and a 1-year high of $100.83. The firm has a market cap of $24.72 billion, a P/E ratio of 12.66 and a beta of 0.73. The business’s 50 day moving average is $93.58 and its 200-day moving average is $85.87.

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.