Summit Financial LLC Has $14.82 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Summit Financial LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.8% during the fourth quarter, Holdings Channel reports. The fund owned 192,458 shares of the company’s stock after acquiring an additional 13,944 shares during the quarter. Summit Financial LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $14,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AVEM. Rothschild Investment LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $36,000. Team Financial Group LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares during the last quarter. Finally, Evolution Wealth Management Inc. increased its holdings in shares of Avantis Emerging Markets Equity ETF by 209.7% during the 4th quarter. Evolution Wealth Management Inc. now owns 703 shares of the company’s stock worth $54,000 after acquiring an additional 476 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.4%

AVEM stock opened at $95.72 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $66.19 and a 1-year high of $99.67. The business’s 50 day simple moving average is $91.32 and its 200 day simple moving average is $84.62. The firm has a market capitalization of $24.96 billion, a PE ratio of 12.66 and a beta of 0.73.

About Avantis Emerging Markets Equity ETF

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.