Brown Financial Advisory Sells 315 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Brown Financial Advisory decreased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 46,376 shares of the company’s stock after selling 315 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 1.9% of Brown Financial Advisory’s holdings, making the stock its 8th largest position. Brown Financial Advisory owned about 0.05% of Avantis Emerging Markets Equity ETF worth $2,726,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Annex Advisory Services LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 13.8% during the 3rd quarter. Annex Advisory Services LLC now owns 2,539,099 shares of the company’s stock valued at $164,026,000 after acquiring an additional 307,011 shares during the last quarter. Haverford Trust Co grew its holdings in Avantis Emerging Markets Equity ETF by 0.6% in the 3rd quarter. Haverford Trust Co now owns 2,248,631 shares of the company’s stock valued at $145,262,000 after buying an additional 13,301 shares during the last quarter. Cerity Partners LLC grew its holdings in Avantis Emerging Markets Equity ETF by 31.1% in the 3rd quarter. Cerity Partners LLC now owns 2,134,443 shares of the company’s stock valued at $137,885,000 after buying an additional 506,778 shares during the last quarter. HighTower Advisors LLC grew its holdings in Avantis Emerging Markets Equity ETF by 0.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,759,332 shares of the company’s stock valued at $113,638,000 after buying an additional 4,738 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Avantis Emerging Markets Equity ETF by 380.2% in the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after buying an additional 1,125,300 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Down 1.1 %

AVEM opened at $59.21 on Friday. The firm has a market capitalization of $5.30 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock’s 50 day moving average price is $59.89 and its two-hundred day moving average price is $61.22. Avantis Emerging Markets Equity ETF has a 12-month low of $54.33 and a 12-month 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.