Avantis Emerging Markets Equity ETF $AVEM Shares Sold by Convergence Financial LLC

Convergence Financial LLC decreased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 43.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,409 shares of the company’s stock after selling 8,758 shares during the period. Convergence Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $857,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AVEM. Hantz Financial Services Inc. grew its holdings in Avantis Emerging Markets Equity ETF by 2,366.7% during the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares during the period. American Capital Advisory LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth $30,000. Tripletail Wealth Management LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $49,000. Spire Wealth Management increased its holdings in shares of Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after purchasing an additional 575 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter valued at about $57,000.

Avantis Emerging Markets Equity ETF Trading Up 2.3%

Shares of AVEM opened at $88.29 on Friday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $88.31. The firm has a market capitalization of $19.51 billion, a P/E ratio of 12.66 and a beta of 0.68. The firm’s 50-day moving average is $81.27 and its two-hundred day moving average is $77.07.

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.