Summit Wealth Partners LLC Grows Position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Summit Wealth Partners LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,909 shares of the company’s stock after buying an additional 7,617 shares during the quarter. Summit Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $28,000. Gleason Group Inc. bought a new position in Avantis Emerging Markets Equity ETF in the 2nd quarter valued at $33,000. CVA Family Office LLC grew its stake in Avantis Emerging Markets Equity ETF by 59.7% in the 2nd quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after purchasing an additional 209 shares during the period. Northwest Investment Counselors LLC bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $37,000. Finally, City State Bank bought a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $45,000.

Avantis Emerging Markets Equity ETF Stock Performance

AVEM stock opened at $62.49 on Friday. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a fifty-two week low of $50.65 and a fifty-two week high of $66.31. The stock has a fifty day moving average of $62.81 and a 200-day moving average of $61.34.

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.