Summit Portfolio Management LTD. Takes Position in Avantis Emerging Markets Value ETF $AVES

Summit Portfolio Management LTD. bought a new stake in shares of Avantis Emerging Markets Value ETF (NYSEARCA:AVES) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 109,000 shares of the company’s stock, valued at approximately $6,538,000. Avantis Emerging Markets Value ETF accounts for 4.2% of Summit Portfolio Management LTD.’s holdings, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Apella Capital LLC boosted its holdings in Avantis Emerging Markets Value ETF by 3.3% in the 1st quarter. Apella Capital LLC now owns 4,861 shares of the company’s stock worth $320,000 after acquiring an additional 155 shares during the period. Comprehensive Money Management Services LLC raised its stake in shares of Avantis Emerging Markets Value ETF by 2.5% during the fourth quarter. Comprehensive Money Management Services LLC now owns 8,500 shares of the company’s stock valued at $496,000 after purchasing an additional 205 shares during the period. NCM Capital Management LLC raised its stake in shares of Avantis Emerging Markets Value ETF by 1.3% during the fourth quarter. NCM Capital Management LLC now owns 18,574 shares of the company’s stock valued at $1,083,000 after purchasing an additional 240 shares during the period. Capital Investment Advisory Services LLC lifted its position in shares of Avantis Emerging Markets Value ETF by 1.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 19,441 shares of the company’s stock worth $1,134,000 after purchasing an additional 311 shares in the last quarter. Finally, Guidance Capital Inc. lifted its position in shares of Avantis Emerging Markets Value ETF by 3.6% during the fourth quarter. Guidance Capital Inc. now owns 9,680 shares of the company’s stock worth $601,000 after purchasing an additional 333 shares in the last quarter.

Avantis Emerging Markets Value ETF Stock Performance

Shares of AVES stock opened at $64.61 on Thursday. The company has a market capitalization of $1.45 billion, a PE ratio of 10.65 and a beta of 0.70. The firm has a fifty day simple moving average of $66.26 and a 200-day simple moving average of $63.47. Avantis Emerging Markets Value ETF has a twelve month low of $53.43 and a twelve month high of $69.06.

Avantis Emerging Markets Value ETF Profile

The Avantis Emerging Markets Value ETF (AVES) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of emerging market equities with lower prices relative to their book values. AVES was launched on Sep 28, 2021 and is managed by American Century Investments.