Rockwood Wealth Management LLC Sells 5,426 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Rockwood Wealth Management LLC cut its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,517 shares of the company’s stock after selling 5,426 shares during the period. Avantis Emerging Markets Equity ETF accounts for 2.5% of Rockwood Wealth Management LLC’s holdings, making the stock its 9th largest position. Rockwood Wealth Management LLC owned about 0.44% of Avantis Emerging Markets Equity ETF worth $23,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AVEM. Iron Horse Wealth Management LLC purchased a new position in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $28,000. Northwest Investment Counselors LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth $37,000. City State Bank purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth $45,000. Brown Lisle Cummings Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $82,000. Finally, Nemes Rush Group LLC increased its position in Avantis Emerging Markets Equity ETF by 68.1% during the second quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock worth $109,000 after purchasing an additional 724 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $59.84 on Friday. The company’s 50-day moving average is $60.04 and its two-hundred day moving average is $61.33. Avantis Emerging Markets Equity ETF has a 1-year low of $54.33 and a 1-year high of $66.31. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

About Avantis Emerging Markets Equity ETF

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.