Seaside Wealth Management Inc. Trims Stock Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Seaside Wealth Management Inc. decreased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,426 shares of the company’s stock after selling 794 shares during the quarter. Avantis Emerging Markets Equity ETF makes up 0.5% of Seaside Wealth Management Inc.’s portfolio, making the stock its 17th biggest position. Seaside Wealth Management Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,320,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Wealthstream Advisors Inc. increased its stake in Avantis Emerging Markets Equity ETF by 1.2% during the 2nd quarter. Wealthstream Advisors Inc. now owns 16,503 shares of the company’s stock valued at $1,008,000 after purchasing an additional 190 shares in the last quarter. Tillman Hartley LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 1.4% in the second quarter. Tillman Hartley LLC now owns 13,811 shares of the company’s stock worth $844,000 after buying an additional 190 shares during the period. CVA Family Office LLC raised its stake in 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 worth $34,000 after acquiring an additional 209 shares during the period. PCG Wealth Advisors LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.3% in the second quarter. PCG Wealth Advisors LLC now owns 11,616 shares of the company’s stock valued at $710,000 after acquiring an additional 257 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 1.1% during the second quarter. IMA Advisory Services Inc. now owns 26,881 shares of the company’s stock worth $1,642,000 after acquiring an additional 295 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $62.75 on Thursday. The stock has a market capitalization of $5.62 billion, a PE ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 1-year low of $50.65 and a 1-year high of $66.31. The business has a 50 day simple moving average of $62.78 and a two-hundred day simple moving average of $61.34.

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.