Avantis Emerging Markets Equity ETF $AVEM Stock: Summit Wealth Group LLC Co. Boosts Position

Summit Wealth Group LLC Co. grew its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1,389.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 145,918 shares of the company’s stock after purchasing an additional 136,120 shares during the period. Avantis Emerging Markets Equity ETF makes up 0.9% of Summit Wealth Group LLC Co.’s holdings, making the stock its 20th largest position. Summit Wealth Group LLC Co.’s holdings in Avantis Emerging Markets Equity ETF were worth $13,719,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter worth about $26,000. JFS Wealth Advisors LLC boosted its position in Avantis Emerging Markets Equity ETF by 67.3% in the second quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock valued at $27,000 after buying an additional 111 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $31,000. Investors Research Corp acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $39,000. Finally, Barrett & Company Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $42,000.

Avantis Emerging Markets Equity ETF Trading Down 0.0%

Shares of NYSEARCA:AVEM opened at $85.98 on Tuesday. Avantis Emerging Markets Equity ETF has a twelve month low of $73.79 and a twelve month high of $100.83. The company has a market cap of $26.56 billion, a PE ratio of 12.66 and a beta of 0.75. The company’s 50 day moving average is $92.93 and its 200 day moving average is $90.03.

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.