Summit Wealth Partners LLC Buys 14,850 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Summit Wealth Partners LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 80.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,292 shares of the company’s stock after acquiring an additional 14,850 shares during the quarter. Summit Wealth Partners LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Cannon Financial Strategists Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth approximately $20,287,000. Sanctuary Advisors LLC bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter valued at $3,461,000. Brown Financial Advisors acquired a new stake in Avantis Emerging Markets Equity ETF during the 2nd quarter worth about $2,022,000. Ariadne Wealth Management LP bought a new position in shares of Avantis Emerging Markets Equity ETF in the 2nd quarter worth about $1,144,000. Finally, Cetera Investment Advisers lifted its stake in shares of Avantis Emerging Markets Equity ETF by 1.9% in the 2nd quarter. Cetera Investment Advisers now owns 57,299 shares of the company’s stock valued at $3,500,000 after purchasing an additional 1,088 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $64.96 on Wednesday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 9.91 and a beta of 0.88. The business has a 50 day simple moving average of $61.01 and a 200 day simple moving average of $60.46. Avantis Emerging Markets Equity ETF has a one year low of $50.65 and a one year high of $65.93.

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.