Versant Capital Management Inc Decreases Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Versant Capital Management Inc trimmed its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,185 shares of the company’s stock after selling 1,037 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 5.8% of Versant Capital Management Inc’s investment portfolio, making the stock its 4th biggest position. Versant Capital Management Inc owned 0.52% of Avantis Emerging Markets Equity ETF worth $20,355,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lam Group Inc. grew its stake in Avantis Emerging Markets Equity ETF by 4.4% during the fourth quarter. Lam Group Inc. now owns 9,640 shares of the company’s stock worth $544,000 after buying an additional 405 shares during the last quarter. Citizens & Northern Corp bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $382,000. Grand Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 14.7% during the fourth quarter. Grand Wealth Management LLC now owns 143,070 shares of the company’s stock valued at $8,068,000 after purchasing an additional 18,328 shares during the last quarter. Brown Financial Advisory grew its stake in shares of Avantis Emerging Markets Equity ETF by 257.5% during the fourth quarter. Brown Financial Advisory now owns 51,130 shares of the company’s stock valued at $2,883,000 after purchasing an additional 36,826 shares during the last quarter. Finally, Prosperity Planning Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 6.7% during the fourth quarter. Prosperity Planning Inc. now owns 102,984 shares of the company’s stock valued at $5,807,000 after purchasing an additional 6,509 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.9 %

Shares of AVEM traded up $0.54 during mid-day trading on Tuesday, hitting $62.08. 349,577 shares of the company traded hands, compared to its average volume of 332,995. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $62.55. The business has a 50-day moving average of $59.99 and a 200 day moving average of $57.54. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

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.