Convergence Financial LLC Trims Holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Convergence Financial LLC decreased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 17,661 shares of the company’s stock after selling 716 shares during the period. Convergence Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Farmers & Merchants Investments Inc. purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $210,000. First Trust Direct Indexing L.P. acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $331,000. Diversify Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $288,000. Summit Wealth Partners LLC increased its stake in Avantis Emerging Markets Equity ETF by 22.9% in the 3rd quarter. Summit Wealth Partners LLC now owns 40,909 shares of the company’s stock valued at $2,643,000 after buying an additional 7,617 shares during the period. Finally, Fonville Wealth Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 5.0% in the 3rd quarter. Fonville Wealth Management LLC now owns 143,684 shares of the company’s stock valued at $9,282,000 after buying an additional 6,802 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $61.34 on Thursday. The stock has a market capitalization of $5.49 billion, a P/E ratio of 9.91 and a beta of 0.88. The company’s fifty day moving average is $59.59 and its two-hundred day moving average is $61.28. Avantis Emerging Markets Equity ETF has a 1 year low of $55.65 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.