Avantis Emerging Markets Equity ETF $AVEM Position Trimmed by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. decreased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 859,984 shares of the company’s stock after selling 8,555 shares during the period. Avantis Emerging Markets Equity ETF accounts for 5.5% of Summit Financial Strategies Inc.’s portfolio, making the stock its 7th largest position. Summit Financial Strategies Inc. owned approximately 0.47% of Avantis Emerging Markets Equity ETF worth $64,593,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 2,366.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after buying an additional 355 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Avantis Emerging Markets Equity ETF by 213.4% in the second quarter. AdvisorNet Financial Inc now owns 492 shares of the company’s stock worth $34,000 after acquiring an additional 335 shares in the last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $49,000. Mather Group LLC. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth $57,000. Finally, Blue Trust Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 306.3% during the third quarter. Blue Trust Inc. now owns 780 shares of the company’s stock valued at $59,000 after acquiring an additional 588 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $78.88 on Monday. The firm has a market cap of $16.34 billion, a PE ratio of 12.66 and a beta of 0.68. The stock has a 50-day moving average price of $76.83 and a 200-day moving average price of $73.68. Avantis Emerging Markets Equity ETF has a 1 year low of $52.52 and a 1 year high of $78.89.

Avantis Emerging Markets Equity ETF Company 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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.