Cherry Tree Wealth Management LLC Trims Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Cherry Tree Wealth Management LLC trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,932 shares of the company’s stock after selling 646 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $3,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after purchasing an additional 1,393 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 123.1% during the 3rd quarter. Raymond James & Associates now owns 190,732 shares of the company’s stock worth $12,321,000 after acquiring an additional 105,243 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 3rd quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock worth $1,217,000 after acquiring an additional 2,107 shares during the period. Silvia Mccoll Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 7.7% during the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 24,272 shares of the company’s stock worth $1,427,000 after acquiring an additional 1,740 shares during the period. Finally, Rockefeller Capital Management L.P. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $3,872,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $61.58 on Monday. The firm has a market cap of $5.51 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The firm’s 50-day simple moving average is $59.54 and its 200-day simple moving average is $61.26.

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.