Avantis Emerging Markets Equity ETF $AVEM Stock Position Lowered by Valmark Advisers Inc.

Valmark Advisers Inc. lessened its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,287 shares of the company’s stock after selling 1,588 shares during the quarter. Valmark Advisers Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,390,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth $26,000. AdvisorNet Financial Inc increased its stake in shares of Avantis Emerging Markets Equity ETF by 213.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after purchasing an additional 335 shares during the last quarter. South Plains Financial Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter worth $41,000. Clarity Asset Management Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 31.5% during the 1st quarter. Clarity Asset Management Inc. now owns 752 shares of the company’s stock worth $45,000 after purchasing an additional 180 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 543.8% during the 1st quarter. JFS Wealth Advisors LLC now owns 824 shares of the company’s stock worth $50,000 after purchasing an additional 696 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.8%

Shares of AVEM opened at $76.49 on Thursday. The company’s fifty day moving average is $72.76 and its 200-day moving average is $67.18. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $76.72. The firm has a market cap of $13.74 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80.

About Avantis Emerging Markets Equity ETF

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.