Summit Portfolio Management LTD. acquired a new position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 48,625 shares of the company’s stock, valued at approximately $3,918,000. Avantis Emerging Markets Equity ETF comprises 2.5% of Summit Portfolio Management LTD.’s investment portfolio, making the stock its 11th biggest holding.
Several other hedge funds have also recently bought and sold shares of AVEM. Rothschild Investment LLC boosted its stake in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the period. MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $36,000. Hantz Financial Services Inc. raised 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 buying an additional 183 shares during the last quarter. Team Financial Group LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares during the period. Finally, Motiv8 Investments LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $47,000.
Avantis Emerging Markets Equity ETF Price Performance
Shares of AVEM stock opened at $93.24 on Thursday. Avantis Emerging Markets Equity ETF has a 12-month low of $68.27 and a 12-month high of $100.83. The firm has a market capitalization of $25.59 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business has a 50 day simple moving average of $94.63 and a 200 day simple moving average of $87.12.
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.
Featured Articles
- Five stocks we like better than Avantis Emerging Markets Equity ETF
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
Want to see what other hedge funds are holding AVEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report).
Receive News & Ratings for Avantis Emerging Markets Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avantis Emerging Markets Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
