Summit Financial LLC Buys 13,944 Shares of Avantis Emerging Markets Equity ETF $AVEM

Summit Financial LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,458 shares of the company’s stock after purchasing an additional 13,944 shares during the quarter. Summit Financial LLC owned approximately 0.09% of Avantis Emerging Markets Equity ETF worth $14,823,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AVEM. AQR Capital Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after purchasing an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at approximately $287,000. Diversify Advisory Services LLC bought a new position in Avantis Emerging Markets Equity ETF in the second quarter valued at approximately $478,000. Diversify Wealth Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 20.3% in the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock valued at $946,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after purchasing an additional 6,271 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.4%

Shares of NYSEARCA AVEM opened at $95.72 on Friday. The business’s 50 day moving average price is $91.32 and its two-hundred day moving average price is $84.62. The company has a market cap of $24.96 billion, a PE ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a twelve month low of $66.19 and a twelve month high of $99.67.

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.