Seaside Wealth Management Inc. Trims Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Seaside Wealth Management Inc. cut its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.7% in the third quarter, HoldingsChannel reports. The firm owned 20,426 shares of the company’s stock after selling 794 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 0.5% of Seaside Wealth Management Inc.’s holdings, making the stock its 17th biggest holding. Seaside Wealth Management Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $28,000. Gleason Group Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the second quarter valued at approximately $33,000. CVA Family Office LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 59.7% in the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after acquiring an additional 209 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $37,000. Finally, City State Bank acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $45,000.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $62.75 on Thursday. The stock has a market cap of $5.62 billion, a P/E ratio of 9.91 and a beta of 0.88. The firm has a fifty day moving average price of $62.78 and a 200 day moving average price of $61.34. Avantis Emerging Markets Equity ETF has a 1 year low of $50.65 and a 1 year 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.