SpiderRock Advisors LLC Has $1.62 Million Stock Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

SpiderRock Advisors LLC reduced its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 14.0% during the third quarter, Holdings Channel.com reports. The fund owned 25,143 shares of the company’s stock after selling 4,098 shares during the period. SpiderRock Advisors LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,624,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVEM. Strategic Financial Concepts LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 7,528.9% in the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock worth $131,785,000 after acquiring an additional 2,128,958 shares during the period. Savant Capital LLC increased its holdings in 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 purchasing an additional 992,460 shares in the last quarter. Envestnet Asset Management Inc. increased 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 worth $498,677,000 after purchasing an additional 803,346 shares in the last quarter. Jane Street Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 90.9% in the first quarter. Jane Street Group LLC now owns 908,457 shares of the company’s stock worth $52,654,000 after purchasing an additional 432,514 shares in the last quarter. Finally, Cannon Financial Strategists Inc. bought a new stake in Avantis Emerging Markets Equity ETF in the second quarter worth approximately $20,287,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $62.75 on Friday. The company has a market cap of $5.62 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock has a 50 day simple moving average of $63.00 and a two-hundred day simple moving average of $61.61. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.68 and a fifty-two 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.