Pure Financial Advisors LLC Cuts Position in Avantis Emerging Markets Equity ETF $AVEM

Pure Financial Advisors LLC decreased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,357,553 shares of the company’s stock after selling 24,431 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.6% of Pure Financial Advisors LLC’s holdings, making the stock its 18th biggest holding. Pure Financial Advisors LLC owned 0.75% of Avantis Emerging Markets Equity ETF worth $101,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Savant Capital LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 0.9% in the 2nd quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock valued at $1,227,189,000 after purchasing an additional 157,957 shares during the last quarter. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 28.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock worth $209,883,000 after purchasing an additional 670,844 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in Avantis Emerging Markets Equity ETF by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 2,615,107 shares of the company’s stock worth $179,714,000 after buying an additional 319,867 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.4%

Shares of AVEM opened at $77.01 on Tuesday. The company’s 50 day simple moving average is $76.76 and its 200-day simple moving average is $73.39. The firm has a market cap of $14.29 billion, a PE 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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.