Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Shares Purchased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. increased its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 844,484 shares of the company’s stock after acquiring an additional 37,825 shares during the period. Avantis Emerging Markets Equity ETF comprises 5.5% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 7th biggest holding. Summit Financial Strategies Inc. owned 0.94% of Avantis Emerging Markets Equity ETF worth $49,647,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AVEM. Renaissance Technologies LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 49.2% in the second quarter. Renaissance Technologies LLC now owns 9,100 shares of the company’s stock worth $556,000 after purchasing an additional 3,000 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the second quarter valued at about $309,000. Annandale Capital LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 33.8% during the second quarter. Annandale Capital LLC now owns 62,899 shares of the company’s stock valued at $3,842,000 after purchasing an additional 15,876 shares in the last quarter. Nemes Rush Group LLC grew its position in Avantis Emerging Markets Equity ETF by 68.1% in the 2nd quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock worth $109,000 after purchasing an additional 724 shares in the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at about $452,000.

Avantis Emerging Markets Equity ETF Stock Up 0.3 %

Avantis Emerging Markets Equity ETF stock opened at $59.84 on Monday. The company’s 50 day moving average price is $60.04 and its two-hundred day moving average price is $61.31. The stock has a market cap of $5.36 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 52 week low of $54.33 and a 52 week high of $66.31.

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.