Summit X LLC Has $10.84 Million Stake in Avantis Emerging Markets Equity ETF $AVEM

Summit X LLC increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 79.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,086 shares of the company’s stock after purchasing an additional 69,995 shares during the quarter. Avantis Emerging Markets Equity ETF makes up approximately 2.0% of Summit X LLC’s portfolio, making the stock its 13th largest position. Summit X LLC owned about 0.10% of Avantis Emerging Markets Equity ETF worth $10,835,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Avantis Emerging Markets Equity ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after buying an additional 2,483,487 shares during the period. Maseco LLP purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the second quarter worth $74,121,000. HB Wealth Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 5,090.0% during the first quarter. HB Wealth Management LLC now owns 1,088,701 shares of the company’s stock valued at $65,507,000 after purchasing an additional 1,067,724 shares during the last quarter. Midwest Trust Co purchased a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at about $47,678,000. Finally, Jones Financial Companies Lllp grew its stake in Avantis Emerging Markets Equity ETF by 61.4% in the first quarter. Jones Financial Companies Lllp now owns 1,421,426 shares of the company’s stock valued at $85,854,000 after purchasing an additional 540,962 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $76.58 on Friday. The company has a market capitalization of $14.21 billion, a PE ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a fifty-two week low of $52.52 and a fifty-two week high of $78.76. The business has a 50-day moving average of $75.32 and a 200-day moving average of $70.12.

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.