Summit Portfolio Management LTD. Makes New Investment in Avantis Emerging Markets Value ETF $AVES

Summit Portfolio Management LTD. acquired a new position in shares of Avantis Emerging Markets Value ETF (NYSEARCA:AVES) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 109,000 shares of the company’s stock, valued at approximately $6,538,000. Avantis Emerging Markets Value ETF comprises about 4.2% of Summit Portfolio Management LTD.’s investment portfolio, making the stock its 10th biggest position. Summit Portfolio Management LTD. owned about 0.50% of Avantis Emerging Markets Value ETF as of its most recent SEC filing.

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

Avantis Emerging Markets Value ETF Price Performance

Shares of AVES stock opened at $64.61 on Thursday. The firm has a market cap of $1.45 billion, a P/E ratio of 10.65 and a beta of 0.70. Avantis Emerging Markets Value ETF has a 1-year low of $53.43 and a 1-year high of $69.06. The firm’s 50-day simple moving average is $66.26 and its 200-day simple moving average is $63.47.

Avantis Emerging Markets Value ETF Company 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.