Pacific Life Fund Advisors LLC Sells 26,125 Shares of Avantis Emerging Markets Equity ETF $AVEM

Pacific Life Fund Advisors LLC trimmed its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 52.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,304 shares of the company’s stock after selling 26,125 shares during the period. Avantis Emerging Markets Equity ETF makes up about 0.2% of Pacific Life Fund Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Pacific Life Fund Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,597,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AVEM. Savant Capital LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 0.9% during the 2nd quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock worth $1,227,189,000 after buying an additional 157,957 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after buying an additional 2,483,487 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Avantis Emerging Markets Equity ETF by 15.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,391,347 shares of the company’s stock worth $143,887,000 after acquiring an additional 319,437 shares during the last quarter. American Century Companies Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 8.6% during the first quarter. American Century Companies Inc. now owns 1,930,233 shares of the company’s stock worth $116,142,000 after acquiring an additional 152,942 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 307.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after acquiring an additional 1,355,637 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.0%

Avantis Emerging Markets Equity ETF stock opened at $77.41 on Friday. The business’s 50-day simple moving average is $75.87 and its 200 day simple moving average is $70.55. The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 12-month low of $52.52 and a 12-month high of $78.76.

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.