Summit Financial Strategies Inc. increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,362 shares of the company’s stock after buying an additional 23,333 shares during the quarter. Avantis Emerging Markets Equity ETF comprises 5.3% of Summit Financial Strategies Inc.’s portfolio, making the stock its 7th largest holding. Summit Financial Strategies Inc. owned about 0.27% of Avantis Emerging Markets Equity ETF worth $76,002,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock valued at $2,310,765,000 after acquiring an additional 8,908,264 shares during the period. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $528,227,000. Maseco LLP bought a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter valued at $93,504,000. Parallel Advisors LLC boosted its position in Avantis Emerging Markets Equity ETF by 1,654.5% during the 1st quarter. Parallel Advisors LLC now owns 760,155 shares of the company’s stock worth $61,253,000 after acquiring an additional 716,830 shares during the period. Finally, Atwood & Palmer Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $64,229,000.
Avantis Emerging Markets Equity ETF Stock Performance
Shares of AVEM stock opened at $91.02 on Thursday. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The firm has a market capitalization of $27.52 billion, a PE ratio of 12.66 and a beta of 0.75. The stock has a fifty day moving average of $94.23 and a two-hundred day moving average of $92.47.
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.
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