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

Merit Financial Group LLC lessened its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 80.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 171,596 shares of the company’s stock after selling 693,484 shares during the quarter. Merit Financial Group LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $11,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. POM Investment Strategies LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $26,000. AdvisorNet Financial Inc boosted its holdings 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 valued at $34,000 after acquiring an additional 335 shares in the last quarter. South Plains Financial Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at about $41,000. Clarity Asset Management Inc. boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 31.5% in the first quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock valued at $45,000 after acquiring an additional 180 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF by 543.8% in the first quarter. JFS Wealth Advisors LLC now owns 824 shares of the company’s stock valued at $50,000 after acquiring an additional 696 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.3%

Shares of NYSEARCA:AVEM opened at $76.11 on Friday. The company has a market cap of $13.65 billion, a P/E ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $76.37. The company has a 50-day moving average price of $72.37 and a 200 day moving average price of $66.91.

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.