Summit Portfolio Management LTD. Makes New $3.92 Million Investment in Avantis Emerging Markets Equity ETF $AVEM

Summit Portfolio Management LTD. purchased a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,625 shares of the company’s stock, valued at approximately $3,918,000. Avantis Emerging Markets Equity ETF comprises about 2.5% of Summit Portfolio Management LTD.’s holdings, making the stock its 11th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rothschild Investment LLC raised its stake in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $36,000. Team Financial Group LLC boosted its stake in Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $47,000.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

Shares of Avantis Emerging Markets Equity ETF stock opened at $93.24 on Thursday. The business’s 50 day simple moving average is $94.63 and its 200-day simple moving average is $87.12. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $68.27 and a twelve month high of $100.83.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.