Avantis Emerging Markets Equity ETF $AVEM is Summit Financial Strategies Inc.’s 7th Largest Position

Summit Financial Strategies Inc. cut its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 5.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 785,029 shares of the company’s stock after selling 44,312 shares during the period. Avantis Emerging Markets Equity ETF accounts for approximately 5.3% of Summit Financial Strategies Inc.’s holdings, making the stock its 7th biggest holding. Summit Financial Strategies Inc. owned approximately 0.28% of Avantis Emerging Markets Equity ETF worth $75,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in AVEM. Bank of America Corp DE boosted its holdings in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after acquiring an additional 16,265,184 shares during the last quarter. Align Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $528,227,000. Kestra Investment Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 3,618.9% during the fourth quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after acquiring an additional 1,435,866 shares during the last quarter. Maseco LLP acquired a new stake in Avantis Emerging Markets Equity ETF during the first quarter worth about $93,504,000. Finally, LPL Financial LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 39.6% in the 4th quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock worth $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

Avantis Emerging Markets Equity ETF stock opened at $96.20 on Wednesday. The company has a market cap of $27.38 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12 month low of $72.94 and a 12 month high of $100.83. The stock’s 50-day moving average is $92.60 and its 200-day moving average is $90.51.

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