Orion Portfolio Solutions LLC Cuts Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Orion Portfolio Solutions LLC trimmed its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,884 shares of the company’s stock after selling 17,680 shares during the period. Orion Portfolio Solutions LLC owned about 0.53% of Avantis Emerging Markets Equity ETF worth $27,624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AVEM. Flagstar Advisors Inc. grew its stake in Avantis Emerging Markets Equity ETF by 2.2% during the fourth quarter. Flagstar Advisors Inc. now owns 8,247 shares of the company’s stock valued at $485,000 after acquiring an additional 175 shares in the last quarter. ORBA Wealth Advisors L.L.C. grew its position in shares of Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 65,396 shares of the company’s stock valued at $3,845,000 after purchasing an additional 175 shares in the last quarter. Evanson Asset Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 2.2% in the fourth quarter. Evanson Asset Management LLC now owns 8,774 shares of the company’s stock worth $516,000 after purchasing an additional 187 shares during the last quarter. Orion Capital Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.1% in the third quarter. Orion Capital Management LLC now owns 10,007 shares of the company’s stock worth $646,000 after buying an additional 204 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock valued at $337,000 after buying an additional 224 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA:AVEM opened at $61.54 on Friday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 1 year low of $55.65 and a 1 year high of $66.31. The stock’s 50 day simple moving average is $60.46 and its two-hundred day simple moving average is $61.26.

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.