Summit X LLC increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 79.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 158,086 shares of the company’s stock after acquiring an additional 69,995 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 2.0% of Summit X LLC’s holdings, making the stock its 13th largest position. Summit X LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $10,835,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 0.9% in the second quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock valued at $1,227,189,000 after purchasing an additional 157,957 shares during the period. Envestnet Asset Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after buying an additional 2,483,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Avantis Emerging Markets Equity ETF by 15.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,391,347 shares of the company’s stock worth $143,887,000 after acquiring an additional 319,437 shares during the last quarter. American Century Companies Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 8.6% during the first quarter. American Century Companies Inc. now owns 1,930,233 shares of the company’s stock valued at $116,142,000 after acquiring an additional 152,942 shares during the period. Finally, LPL Financial LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 10.0% in the first quarter. LPL Financial LLC now owns 1,471,607 shares of the company’s stock valued at $88,547,000 after purchasing an additional 133,886 shares during the last quarter.
Avantis Emerging Markets Equity ETF Stock Performance
NYSEARCA AVEM opened at $76.58 on Friday. The stock has a 50-day simple moving average of $75.32 and a 200 day simple moving average of $70.12. Avantis Emerging Markets Equity ETF has a twelve month low of $52.52 and a twelve month high of $78.76. The stock has a market capitalization of $14.21 billion, a PE ratio of 12.66 and a beta of 0.68.
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.
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