Merit Financial Group LLC Sells 24,711 Shares of Avantis Emerging Markets Equity ETF $AVEM

Merit Financial Group LLC lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 146,885 shares of the company’s stock after selling 24,711 shares during the period. Merit Financial Group LLC owned approximately 0.08% of Avantis Emerging Markets Equity ETF worth $11,033,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Freedom Financial Partners LLC increased its stake in Avantis Emerging Markets Equity ETF by 1.6% in the 3rd quarter. Freedom Financial Partners LLC now owns 123,653 shares of the company’s stock valued at $9,288,000 after buying an additional 1,904 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth $13,952,000. Armstrong Fleming & Moore Inc purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $15,143,000. Armbruster Capital Management Inc. raised its stake in shares of Avantis Emerging Markets Equity ETF by 4.0% during the 3rd quarter. Armbruster Capital Management Inc. now owns 51,569 shares of the company’s stock worth $3,873,000 after purchasing an additional 1,980 shares during the period. Finally, Tripletail Wealth Management LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at about $49,000.

Avantis Emerging Markets Equity ETF Stock Up 0.4%

Avantis Emerging Markets Equity ETF stock opened at $86.27 on Tuesday. The firm has a 50 day moving average price of $80.50 and a 200-day moving average price of $76.69. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $87.56. The company has a market capitalization of $19.07 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.