Pacific Life Fund Advisors LLC Sells 10,115 Shares of Avantis Emerging Markets Equity ETF $AVEM

Pacific Life Fund Advisors LLC reduced its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,805 shares of the company’s stock after selling 10,115 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 1.0% of Pacific Life Fund Advisors LLC’s portfolio, making the stock its 20th largest holding. Pacific Life Fund Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $8,929,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% during the 1st quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock worth $1,336,000 after buying an additional 2,596 shares during the last quarter. M&T Bank Corp acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $287,000. Diversify Advisory Services LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $478,000. Diversify Wealth Management LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after acquiring an additional 2,244 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Avantis Emerging Markets Equity ETF by 74.1% during the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock worth $1,010,000 after acquiring an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $94.14 on Monday. The stock has a 50 day moving average price of $94.85 and a 200 day moving average price of $87.37. Avantis Emerging Markets Equity ETF has a 52 week low of $68.27 and a 52 week high of $100.83. The stock has a market capitalization of $25.90 billion, a PE ratio of 12.66 and a beta of 0.73.

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.