Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) is Brown Financial Advisory’s 8th Largest Position

Brown Financial Advisory cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,691 shares of the company’s stock after selling 2,598 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 2.1% of Brown Financial Advisory’s investment portfolio, making the stock its 8th biggest position. Brown Financial Advisory’s holdings in Avantis Emerging Markets Equity ETF were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Strategic Financial Concepts LLC grew its holdings in Avantis Emerging Markets Equity ETF by 7,528.9% during the 2nd quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock valued at $131,785,000 after purchasing an additional 2,128,958 shares in the last quarter. Savant Capital LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 7.5% in the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after acquiring an additional 992,460 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 10.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock valued at $498,677,000 after purchasing an additional 803,346 shares during the last quarter. Jane Street Group LLC grew its stake in Avantis Emerging Markets Equity ETF by 90.9% during the 1st quarter. Jane Street Group LLC now owns 908,457 shares of the company’s stock valued at $52,654,000 after purchasing an additional 432,514 shares in the last quarter. Finally, Cannon Financial Strategists Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter valued at approximately $20,287,000.

Avantis Emerging Markets Equity ETF Stock Up 0.4 %

Shares of AVEM opened at $63.54 on Tuesday. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The business’s 50 day moving average is $62.73 and its two-hundred day moving average is $61.29. Avantis Emerging Markets Equity ETF has a 52-week low of $50.65 and a 52-week high of $66.31.

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.