Truepoint Inc. Has $35.28 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Truepoint Inc. lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 458,041 shares of the company’s stock after selling 10,496 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 0.8% of Truepoint Inc.’s portfolio, making the stock its 22nd largest position. Truepoint Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $35,278,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AVEM. AQR Capital Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after purchasing an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth about $287,000. Diversify Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth about $478,000. Diversify Wealth Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.7%

Shares of AVEM opened at $91.14 on Thursday. Avantis Emerging Markets Equity ETF has a 12-month low of $66.19 and a 12-month high of $99.67. The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The stock’s 50-day moving average price is $90.74 and its 200 day moving average price is $84.40.

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.