Merriman Wealth Management LLC Lowers Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Merriman Wealth Management LLC reduced its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 0.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,132 shares of the company’s stock after selling 794 shares during the quarter. Merriman Wealth Management LLC owned approximately 0.12% of Avantis Emerging Markets Equity ETF worth $6,728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Capital Management LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $25,000. Principal Securities Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at $31,000. Gleason Group Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 2nd quarter valued at $33,000. CVA Family Office LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 59.7% during the 2nd quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after purchasing an additional 209 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at $69,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock opened at $61.73 on Friday. Avantis Emerging Markets Equity ETF has a 1 year low of $50.65 and a 1 year high of $63.64. The firm has a market cap of $5.52 billion, a PE ratio of 9.91 and a beta of 0.88. The stock has a fifty day moving average price of $60.64 and a 200-day moving average price of $60.10.

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.