Werba Rubin Papier Wealth Management Sells 11,124 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Werba Rubin Papier Wealth Management decreased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 148,251 shares of the company’s stock after selling 11,124 shares during the period. Avantis Emerging Markets Equity ETF makes up 2.5% of Werba Rubin Papier Wealth Management’s investment portfolio, making the stock its 7th largest position. Werba Rubin Papier Wealth Management’s holdings in Avantis Emerging Markets Equity ETF were worth $9,057,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AVEM. TD Capital Management LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC bought a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $28,000. Principal Securities Inc. bought a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth about $31,000. Gleason Group Inc. acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at approximately $33,000. Finally, CVA Family Office LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 59.7% during the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after buying an additional 209 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM traded down $1.13 during midday trading on Friday, hitting $59.20. 280,178 shares of the company’s stock were exchanged, compared to its average volume of 375,732. Avantis Emerging Markets Equity ETF has a twelve month low of $50.65 and a twelve month high of $63.64. The firm has a market cap 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 $60.98 and its 200-day moving average price is $59.88.

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.