Transcendent Capital Group LLC Has $2.20 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Transcendent Capital Group LLC decreased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,115 shares of the company’s stock after selling 2,637 shares during the quarter. Transcendent Capital Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 32.7% in the first quarter. CVA Family Office LLC now owns 848 shares of the company’s stock worth $51,000 after acquiring an additional 209 shares during the last quarter. HMV Wealth Advisors LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth about $653,000. IAG Wealth Partners LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 2.9% during the first quarter. IAG Wealth Partners LLC now owns 73,834 shares of the company’s stock valued at $4,443,000 after buying an additional 2,112 shares during the last quarter. Armbruster Capital Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 20.2% in the first quarter. Armbruster Capital Management Inc. now owns 46,740 shares of the company’s stock valued at $2,812,000 after buying an additional 7,850 shares during the period. Finally, Lakeridge Wealth Management LLC grew its position in Avantis Emerging Markets Equity ETF by 3.4% during the first quarter. Lakeridge Wealth Management LLC now owns 15,939 shares of the company’s stock worth $959,000 after buying an additional 523 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 3.7%

Shares of AVEM opened at $73.09 on Friday. The stock’s 50-day moving average price is $72.98 and its 200 day moving average price is $67.39. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $76.72.

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.