IMA Wealth Inc. Reduces Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

IMA Wealth Inc. decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,831 shares of the company’s stock after selling 765 shares during the period. IMA Wealth Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Envestnet Asset Management Inc. raised its stake in Avantis Emerging Markets Equity ETF by 58.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock worth $318,681,000 after acquiring an additional 2,223,331 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Avantis Emerging Markets Equity ETF by 56.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock worth $291,068,000 after acquiring an additional 1,990,140 shares during the period. Savant Capital LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 8.7% during the third quarter. Savant Capital LLC now owns 11,084,365 shares of the company’s stock valued at $585,144,000 after buying an additional 891,522 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $34,923,000. Finally, Amplius Wealth Advisors LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $23,852,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of Avantis Emerging Markets Equity ETF stock traded up $0.60 on Friday, hitting $58.70. 156,562 shares of the company traded hands, compared to its average volume of 347,282. The stock has a market capitalization of $5.18 billion, a P/E ratio of 9.46 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $59.40. The business has a 50-day simple moving average of $57.70 and a 200 day simple moving average of $55.56.

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.