Avantis Emerging Markets Equity ETF $AVEM is ERn Financial LLC’s 9th Largest Position

ERn Financial LLC reduced its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,467 shares of the company’s stock after selling 9,434 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 2.4% of ERn Financial LLC’s investment portfolio, making the stock its 9th largest holding. ERn Financial LLC owned about 0.09% of Avantis Emerging Markets Equity ETF worth $12,278,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AVEM. Hantz Financial Services Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares during the last quarter. American Capital Advisory LLC bought a new stake in Avantis Emerging Markets Equity ETF in the third quarter worth $30,000. AdvisorNet Financial Inc grew its stake in shares of Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $49,000. Finally, Spire Wealth Management increased its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% during the third quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after acquiring an additional 575 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $82.30 on Friday. The firm has a market cap of $17.58 billion, a PE ratio of 12.66 and a beta of 0.68. The stock has a 50-day moving average price of $77.71 and a 200-day moving average price of $74.83. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $82.63.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.