Avantis Emerging Markets Equity ETF $AVEM Stock Purchased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 808,362 shares of the company’s stock after buying an additional 23,333 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 5.3% of Summit Financial Strategies Inc.’s holdings, making the stock its 7th biggest position. Summit Financial Strategies Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $76,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Telos Capital Management Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 8.9% during the first quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after purchasing an additional 6,605 shares in the last quarter. Baird Financial Group Inc. lifted its position in Avantis Emerging Markets Equity ETF by 135.1% in the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after purchasing an additional 83,919 shares during the period. Independence Bank of Kentucky boosted its stake in Avantis Emerging Markets Equity ETF by 39.3% during the 2nd quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after purchasing an additional 22,913 shares in the last quarter. Cornerstone Wealth Group LLC bought a new position in Avantis Emerging Markets Equity ETF during the 1st quarter valued at $9,334,000. Finally, Rockefeller Capital Management L.P. boosted its stake in Avantis Emerging Markets Equity ETF by 119.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 254,911 shares of the company’s stock valued at $19,633,000 after purchasing an additional 138,694 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $91.02 on Thursday. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The stock has a market cap of $27.52 billion, a PE ratio of 12.66 and a beta of 0.75. The business’s fifty day moving average is $94.23 and its 200-day moving average is $92.47.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.