Midwest Trust Co Cuts Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Midwest Trust Co lowered its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 767,587 shares of the company’s stock after selling 5,873 shares during the quarter. Midwest Trust Co owned 0.29% of Avantis Emerging Markets Equity ETF worth $61,852,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AVEM. Asempa Wealth Advisors bought a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter worth about $939,000. Breakwater Capital Group lifted its position in shares of Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after buying an additional 6,774 shares in the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 24.5% in the 4th quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock worth $3,870,000 after buying an additional 9,895 shares during the last quarter. ACT Advisors LLC. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc grew its holdings in shares of Avantis Emerging Markets Equity ETF by 16.0% in the fourth quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after acquiring an additional 32,228 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.2%

Shares of AVEM traded up $0.17 on Friday, reaching $94.14. 2,671,141 shares of the company’s stock traded hands, compared to its average volume of 2,012,466. The stock has a market cap of $25.90 billion, a PE ratio of 12.66 and a beta of 0.73. The stock’s 50 day simple moving average is $94.85 and its two-hundred day simple moving average is $87.30. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83.

Avantis Emerging Markets Equity ETF 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.