Apella Capital LLC Sells 12,074 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Apella Capital LLC cut its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,488 shares of the company’s stock after selling 12,074 shares during the period. Apella Capital LLC owned 0.07% of Avantis Emerging Markets Equity ETF worth $4,260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Orion Portfolio Solutions LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $688,000. Envestnet Asset Management Inc. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 10.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 6,695,200 shares of the company’s stock valued at $377,542,000 after purchasing an additional 658,440 shares during the period. Waddell & Associates LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $25,618,000. Northwest Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 14.5% during the fourth quarter. Northwest Wealth Management LLC now owns 152,943 shares of the company’s stock worth $8,624,000 after purchasing an additional 19,332 shares during the period. Finally, True Wealth Design LLC lifted its stake in Avantis Emerging Markets Equity ETF by 2.6% in the fourth quarter. True Wealth Design LLC now owns 25,395 shares of the company’s stock valued at $1,432,000 after buying an additional 646 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 1.3 %

Shares of AVEM stock opened at $65.18 on Friday. The firm has a 50 day moving average of $61.24 and a 200-day moving average of $60.53. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $66.12.

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.