Summit Financial Strategies Inc. Has $66.83 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Summit Financial Strategies Inc. lessened its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829,341 shares of the company’s stock after selling 27,068 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 5.3% of Summit Financial Strategies Inc.’s portfolio, making the stock its 7th biggest holding. Summit Financial Strategies Inc. owned approximately 0.32% of Avantis Emerging Markets Equity ETF worth $66,828,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Asempa Wealth Advisors bought a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $939,000. Breakwater Capital Group increased its stake in Avantis Emerging Markets Equity ETF by 14.8% during the fourth quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after acquiring an additional 6,774 shares during the last quarter. Greenwood Capital Associates LLC raised its position in Avantis Emerging Markets Equity ETF by 24.5% during the fourth quarter. Greenwood Capital Associates LLC now owns 50,241 shares of the company’s stock valued at $3,870,000 after purchasing an additional 9,895 shares during the period. ACT Advisors LLC. lifted its stake in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock valued at $23,684,000 after purchasing an additional 10,245 shares during the last quarter. Finally, Armstrong Fleming & Moore Inc lifted its stake in shares of Avantis Emerging Markets Equity ETF by 16.0% in the 4th quarter. Armstrong Fleming & Moore Inc now owns 233,841 shares of the company’s stock valued at $18,010,000 after purchasing an additional 32,228 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of Avantis Emerging Markets Equity ETF stock traded up $0.17 on Friday, reaching $94.14. The company had a trading volume of 2,671,141 shares, compared to its average volume of 2,012,466. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The firm’s 50-day moving average price is $94.85 and its two-hundred day moving average price is $87.30. Avantis Emerging Markets Equity ETF has a 1 year low of $68.27 and a 1 year 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.