Avantis Emerging Markets Equity ETF $AVEM Shares Sold by ARQ Wealth Advisors LLC

ARQ Wealth Advisors LLC reduced its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,591 shares of the company’s stock after selling 13,896 shares during the quarter. Avantis Emerging Markets Equity ETF comprises approximately 1.3% of ARQ Wealth Advisors LLC’s holdings, making the stock its 29th largest position. ARQ Wealth Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $4,476,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. American Capital Advisory LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the third quarter valued at $30,000. Tripletail Wealth Management LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $49,000. Spire Wealth Management lifted its position in 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 during the last quarter. Mather Group LLC. acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $57,000. Finally, Blue Trust Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 306.3% during the 3rd quarter. Blue Trust Inc. now owns 780 shares of the company’s stock valued at $59,000 after purchasing an additional 588 shares during the period.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

NYSEARCA AVEM opened at $83.17 on Wednesday. The company has a 50-day moving average price of $83.86 and a two-hundred day moving average price of $78.77. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $89.75. The stock has a market cap of $18.38 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68.

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