Lam Group Inc. Reduces Holdings in Avantis Emerging Markets Value ETF (NYSEARCA:AVES)

Lam Group Inc. reduced its stake in Avantis Emerging Markets Value ETF (NYSEARCA:AVES) by 30.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,015 shares of the company’s stock after selling 5,240 shares during the quarter. Lam Group Inc. owned about 0.13% of Avantis Emerging Markets Value ETF worth $555,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in shares of Avantis Emerging Markets Value ETF by 2.1% in the third quarter. Empowered Funds LLC now owns 718,536 shares of the company’s stock worth $37,464,000 after buying an additional 14,454 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of Avantis Emerging Markets Value ETF by 19.5% in the 3rd quarter. Pathstone Holdings LLC now owns 220,514 shares of the company’s stock valued at $11,497,000 after acquiring an additional 36,006 shares during the period. BSW Wealth Partners raised its stake in Avantis Emerging Markets Value ETF by 4.0% in the 3rd quarter. BSW Wealth Partners now owns 184,663 shares of the company’s stock worth $9,628,000 after acquiring an additional 7,154 shares during the last quarter. Private Advisor Group LLC lifted its position in Avantis Emerging Markets Value ETF by 67.8% during the 3rd quarter. Private Advisor Group LLC now owns 101,990 shares of the company’s stock worth $5,318,000 after acquiring an additional 41,215 shares during the period. Finally, Austin Wealth Management LLC grew its stake in Avantis Emerging Markets Value ETF by 14.1% during the 3rd quarter. Austin Wealth Management LLC now owns 100,164 shares of the company’s stock valued at $5,223,000 after purchasing an additional 12,366 shares during the last quarter.

Avantis Emerging Markets Value ETF Stock Performance

Shares of AVES stock opened at $45.85 on Tuesday. Avantis Emerging Markets Value ETF has a fifty-two week low of $43.40 and a fifty-two week high of $53.12. The firm has a market capitalization of $434.66 million, a PE ratio of 8.07 and a beta of 0.79. The stock’s 50-day simple moving average is $47.59 and its 200-day simple moving average is $48.99.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.