Brown Financial Advisors Sells 442 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Brown Financial Advisors trimmed its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,595 shares of the company’s stock after selling 442 shares during the period. Brown Financial Advisors’ holdings in Avantis Emerging Markets Equity ETF were worth $2,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after acquiring an additional 1,393 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter worth $144,000. Kestra Investment Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $159,000. Gladstone Institutional Advisory LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $205,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth $210,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA:AVEM opened at $60.86 on Tuesday. The company has a market capitalization of $5.45 billion, a P/E ratio of 9.91 and a beta of 0.88. The company’s 50-day moving average is $59.52 and its 200 day moving average is $61.27. Avantis Emerging Markets Equity ETF has a fifty-two week low of $55.65 and a fifty-two week high of $66.31.

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.