Summit Financial Strategies Inc. Grows Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Summit Financial Strategies Inc. grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 806,659 shares of the company’s stock after buying an additional 29,651 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 5.9% of Summit Financial Strategies Inc.’s portfolio, making the stock its 6th biggest holding. Summit Financial Strategies Inc. owned approximately 0.90% of Avantis Emerging Markets Equity ETF worth $52,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Annapolis Financial Services LLC lifted its holdings in Avantis Emerging Markets Equity ETF by 12.8% during the 3rd quarter. Annapolis Financial Services LLC now owns 152,317 shares of the company’s stock valued at $9,840,000 after purchasing an additional 17,252 shares during the last quarter. ERn Financial LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 4.6% in the third quarter. ERn Financial LLC now owns 177,320 shares of the company’s stock valued at $11,455,000 after purchasing an additional 7,771 shares during the period. Hutchens & Kramer Investment Management Group LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 101.4% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 9,780 shares of the company’s stock worth $635,000 after buying an additional 4,925 shares during the last quarter. Paladin Wealth LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter worth about $1,209,000. Finally, City State Bank acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at about $45,000.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM traded down $0.15 during trading hours on Thursday, reaching $63.93. 49,937 shares of the stock were exchanged, compared to its average volume of 375,599. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The stock’s fifty day simple moving average is $62.22 and its 200 day simple moving average is $60.98. Avantis Emerging Markets Equity ETF has a 52 week low of $50.65 and a 52 week high of $66.31.

Avantis Emerging Markets Equity ETF Company 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.