Sylvest Advisors LLC Sells 13,816 Shares of Avantis Emerging Markets Equity ETF $AVEM

Sylvest Advisors LLC lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 82,444 shares of the company’s stock after selling 13,816 shares during the period. Avantis Emerging Markets Equity ETF comprises about 3.5% of Sylvest Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Sylvest Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $6,643,000 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 stock. Asempa Wealth Advisors purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth $939,000. Breakwater Capital Group increased its holdings in Avantis Emerging Markets Equity ETF by 14.8% in the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock valued at $4,045,000 after buying an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC increased its holdings in Avantis Emerging Markets Equity ETF by 24.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after buying an additional 9,895 shares in the last quarter. ACT Advisors LLC. raised its position in shares of Avantis Emerging Markets Equity ETF by 3.4% in the fourth quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after acquiring an additional 10,245 shares during the period. Finally, Armstrong Fleming & Moore Inc raised its position in shares of Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock worth $18,010,000 after acquiring an additional 32,228 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.3%

AVEM stock opened at $94.40 on Friday. Avantis Emerging Markets Equity ETF has a 52-week low of $68.00 and a 52-week high of $100.83. The firm has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. The company’s 50-day simple moving average is $93.86 and its 200-day simple moving average is $86.06.

About Avantis Emerging Markets Equity ETF

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.