Asset Dedication LLC Sells 1,250 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Asset Dedication LLC cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,045 shares of the company’s stock after selling 1,250 shares during the period. Asset Dedication LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,472,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AVEM. Renaissance Technologies LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 49.2% in the second quarter. Renaissance Technologies LLC now owns 9,100 shares of the company’s stock worth $556,000 after acquiring an additional 3,000 shares during the period. AQR Capital Management LLC bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at approximately $309,000. NewEdge Advisors LLC grew its position in Avantis Emerging Markets Equity ETF by 111.3% during the second quarter. NewEdge Advisors LLC now owns 29,706 shares of the company’s stock valued at $1,815,000 after buying an additional 15,649 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at approximately $657,000. Finally, Cetera Investment Advisers grew its position in Avantis Emerging Markets Equity ETF by 1.9% during the second quarter. Cetera Investment Advisers now owns 57,299 shares of the company’s stock valued at $3,500,000 after buying an additional 1,088 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.6 %

Shares of NYSEARCA AVEM opened at $58.95 on Wednesday. The firm has a 50 day moving average of $59.95 and a 200 day moving average of $61.25. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12-month low of $54.33 and a 12-month high of $66.31.

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.