Avantis Emerging Markets Equity ETF $AVEM Shares Sold by JRM Investment Counsel LLC

JRM Investment Counsel LLC cut its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 254,476 shares of the company’s stock after selling 16,020 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 5.2% of JRM Investment Counsel LLC’s portfolio, making the stock its 6th biggest position. JRM Investment Counsel LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $15,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $1,410,000. Brown Advisory Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $426,000. D Orazio & Associates Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 39.0% in the first quarter. D Orazio & Associates Inc. now owns 34,637 shares of the company’s stock valued at $2,084,000 after purchasing an additional 9,725 shares in the last quarter. CogentBlue Wealth Advisors LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 46.3% in the first quarter. CogentBlue Wealth Advisors LLC now owns 5,523 shares of the company’s stock valued at $332,000 after purchasing an additional 1,748 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Avantis Emerging Markets Equity ETF by 60.1% in the fourth quarter. Comerica Bank now owns 40,128 shares of the company’s stock valued at $2,359,000 after purchasing an additional 15,058 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 1.9%

Shares of AVEM opened at $72.09 on Friday. The stock has a 50 day moving average price of $69.49 and a 200 day moving average price of $64.20. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $72.16.

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.