Summit Financial Strategies Inc. reduced its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 3.2% in the first quarter, Holdings Channel.com reports. The fund owned 829,341 shares of the company’s stock after selling 27,068 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 5.3% of Summit Financial Strategies Inc.’s portfolio, making the stock its 7th largest holding. Summit Financial Strategies Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $66,828,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. IFP Advisors Inc grew its position in Avantis Emerging Markets Equity ETF by 0.4% in the 4th quarter. IFP Advisors Inc now owns 28,429 shares of the company’s stock valued at $2,190,000 after acquiring an additional 120 shares during the last quarter. Investmark Advisory Group LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 1.8% during the fourth quarter. Investmark Advisory Group LLC now owns 6,712 shares of the company’s stock worth $517,000 after purchasing an additional 121 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 0.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 43,758 shares of the company’s stock valued at $3,370,000 after purchasing an additional 130 shares during the period. Hardin Capital Partners LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 1.0% in the fourth quarter. Hardin Capital Partners LLC now owns 13,713 shares of the company’s stock worth $1,056,000 after purchasing an additional 135 shares during the last quarter. Finally, BLVD Private Wealth LLC grew its holdings in shares of Avantis Emerging Markets Equity ETF by 0.6% in the fourth quarter. BLVD Private Wealth LLC now owns 22,285 shares of the company’s stock worth $1,716,000 after purchasing an additional 140 shares during the last quarter.
Avantis Emerging Markets Equity ETF Stock Up 0.2%
AVEM stock traded up $0.17 during trading on Friday, hitting $94.14. The company had a trading volume of 2,671,141 shares, compared to its average volume of 2,012,466. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83. The company has a 50 day simple moving average of $94.85 and a 200-day simple moving average of $87.30. The firm has a market capitalization of $25.90 billion, a P/E ratio of 12.66 and a beta of 0.73.
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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.
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