Valmark Advisers Inc. Reduces Holdings in Avantis Emerging Markets Equity ETF $AVEM

Valmark Advisers Inc. reduced its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,287 shares of the company’s stock after selling 1,588 shares during the period. Valmark Advisers Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Armbruster Capital Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 6.1% in the 2nd quarter. Armbruster Capital Management Inc. now owns 49,589 shares of the company’s stock worth $3,399,000 after acquiring an additional 2,849 shares during the period. HTG Investment Advisors Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 21.8% in the 2nd quarter. HTG Investment Advisors Inc. now owns 69,228 shares of the company’s stock worth $4,745,000 after buying an additional 12,388 shares in the last quarter. HMV Wealth Advisors LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 202.3% in the 2nd quarter. HMV Wealth Advisors LLC now owns 32,810 shares of the company’s stock worth $2,249,000 after buying an additional 21,955 shares in the last quarter. Mraz Amerine & Associates Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 18.2% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 53,437 shares of the company’s stock worth $3,663,000 after purchasing an additional 8,229 shares during the last quarter. Finally, Evensky & Katz LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 5.1% in the 2nd quarter. Evensky & Katz LLC now owns 23,698 shares of the company’s stock worth $1,624,000 after purchasing an additional 1,159 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.8%

Shares of NYSEARCA:AVEM opened at $76.49 on Thursday. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $76.72. The firm has a 50-day simple moving average of $72.76 and a 200 day simple moving average of $67.18. The company has a market cap of $13.74 billion, a PE ratio of 12.66 and a beta of 0.80.

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.