Cypress Point Wealth Management LLC Trims Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Cypress Point Wealth Management LLC trimmed its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,848 shares of the company’s stock after selling 1,127 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for 1.7% of Cypress Point Wealth Management LLC’s portfolio, making the stock its 10th largest position. Cypress Point Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $26,000. Tucker Asset Management LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $33,000. Webster Bank N. A. bought a new position in shares of Avantis Emerging Markets Equity ETF during the first quarter worth $46,000. CVA Family Office LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 32.7% during the first quarter. CVA Family Office LLC now owns 848 shares of the company’s stock worth $51,000 after purchasing an additional 209 shares in the last quarter. Finally, Signaturefd LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth $66,000.

Avantis Emerging Markets Equity ETF Stock Down 1.4%

Shares of NYSEARCA:AVEM opened at $67.19 on Friday. Avantis Emerging Markets Equity ETF has a 12 month low of $52.52 and a 12 month high of $68.19. The company’s fifty day simple moving average is $62.34 and its 200 day simple moving average is $60.85. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 12.64 and a beta of 0.66.

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.