Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Sold by Fortress Wealth Management Inc.

Fortress Wealth Management Inc. decreased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 61.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,349 shares of the company’s stock after selling 49,361 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for approximately 1.0% of Fortress Wealth Management Inc.’s portfolio, making the stock its 24th largest holding. Fortress Wealth Management Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVEM. Gleason Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter worth approximately $33,000. CVA Family Office LLC grew its stake in Avantis Emerging Markets Equity ETF by 59.7% in the 2nd quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after acquiring an additional 209 shares during the period. City State Bank acquired a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $45,000. Bessemer Group Inc. acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $69,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter valued at $78,000.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock traded up $0.51 during trading on Friday, reaching $64.37. The company had a trading volume of 221,746 shares, compared to its average volume of 376,320. The firm’s 50-day simple moving average is $62.40 and its 200 day simple moving average is $61.05. Avantis Emerging Markets Equity ETF has a 1-year low of $50.65 and a 1-year high of $66.31. The firm has a market capitalization of $5.76 billion, a PE ratio of 9.91 and a beta of 0.88.

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.