Summit X LLC Purchases 2,680 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Summit X LLC boosted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 25.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,045 shares of the company’s stock after acquiring an additional 2,680 shares during the period. Summit X LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC grew its holdings in Avantis Emerging Markets Equity ETF by 7,223.2% during the 4th quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock valued at $170,150,000 after buying an additional 2,854,681 shares in the last quarter. Savant Capital LLC grew its holdings in Avantis Emerging Markets Equity ETF by 7.6% during the 4th quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock valued at $973,997,000 after buying an additional 1,172,561 shares in the last quarter. Jane Street Group LLC grew its holdings in Avantis Emerging Markets Equity ETF by 380.2% during the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after buying an additional 1,125,300 shares in the last quarter. MML Investors Services LLC grew its holdings in Avantis Emerging Markets Equity ETF by 270.3% during the 3rd quarter. MML Investors Services LLC now owns 941,220 shares of the company’s stock valued at $60,803,000 after buying an additional 687,056 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Avantis Emerging Markets Equity ETF by 486.2% during the 4th quarter. Merit Financial Group LLC now owns 713,524 shares of the company’s stock valued at $41,948,000 after buying an additional 591,800 shares in the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM opened at $60.09 on Wednesday. Avantis Emerging Markets Equity ETF has a 1 year low of $55.65 and a 1 year high of $66.31. The company has a 50 day simple moving average of $59.71 and a two-hundred day simple moving average of $61.21. The firm has a market cap of $7.53 billion, a P/E ratio of 11.90 and a beta of 0.78.

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.