TCI Wealth Advisors Inc. Decreases Stake in Avantis Emerging Markets Equity ETF $AVEM

TCI Wealth Advisors Inc. lessened its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,314 shares of the company’s stock after selling 8,814 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for about 1.0% of TCI Wealth Advisors Inc.’s investment portfolio, making the stock its 19th largest holding. TCI Wealth Advisors Inc. owned approximately 0.09% of Avantis Emerging Markets Equity ETF worth $18,881,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AVEM. Bank of America Corp DE grew 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 buying an additional 16,265,184 shares during the period. Align Financial LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $528,227,000. Kestra Investment Management LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 3,618.9% in the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after acquiring an additional 1,435,866 shares during the period. Maseco LLP purchased a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at $93,504,000. Finally, LPL Financial LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 39.6% during the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after acquiring an additional 1,061,034 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $92.44 on Friday. The firm’s fifty day simple moving average is $94.36 and its 200 day simple moving average is $86.65. Avantis Emerging Markets Equity ETF has a twelve month low of $68.15 and a twelve month high of $100.83. The firm has a market capitalization of $25.11 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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.