Concord Asset Management LLC VA Sells 55,533 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Concord Asset Management LLC VA lessened its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,114 shares of the company’s stock after selling 55,533 shares during the period. Avantis Emerging Markets Equity ETF makes up about 1.9% of Concord Asset Management LLC VA’s holdings, making the stock its 12th biggest position. Concord Asset Management LLC VA’s holdings in Avantis Emerging Markets Equity ETF were worth $8,761,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC grew its stake in Avantis Emerging Markets Equity ETF by 82.1% in the 1st quarter. Wealthfront Advisers LLC now owns 12,005 shares of the company’s stock worth $722,000 after buying an additional 5,411 shares in the last quarter. Prevail Innovative Wealth Advisors LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth approximately $1,170,000. Apollon Financial LLC grew its stake in Avantis Emerging Markets Equity ETF by 2.7% in the 1st quarter. Apollon Financial LLC now owns 27,214 shares of the company’s stock worth $1,637,000 after buying an additional 720 shares in the last quarter. Apollon Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 39.7% in the 1st quarter. Apollon Wealth Management LLC now owns 519,224 shares of the company’s stock worth $31,242,000 after buying an additional 147,579 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its stake in Avantis Emerging Markets Equity ETF by 22.6% in the 1st quarter. Transcendent Capital Group LLC now owns 34,752 shares of the company’s stock worth $2,091,000 after buying an additional 6,408 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM stock opened at $69.06 on Tuesday. Avantis Emerging Markets Equity ETF has a one year low of $52.52 and a one year high of $69.47. The stock has a market cap of $10.98 billion, a PE ratio of 12.66 and a beta of 0.80. The firm has a 50 day simple moving average of $66.31 and a two-hundred day simple moving average of $61.94.

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.