136,120 Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. grew its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1,389.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 145,918 shares of the company’s stock after acquiring an additional 136,120 shares during the quarter. Avantis Emerging Markets Equity ETF accounts for approximately 0.9% of Summit Wealth Group LLC Co.’s holdings, making the stock its 20th largest holding. Summit Wealth Group LLC Co.’s holdings in Avantis Emerging Markets Equity ETF were worth $13,719,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AVEM. Kuhn & Co Investment Counsel boosted its stake in Avantis Emerging Markets Equity ETF by 8.2% in the 3rd quarter. Kuhn & Co Investment Counsel now owns 12,721 shares of the company’s stock worth $1,196,000 after purchasing an additional 966 shares in the last quarter. Certified Advisory Corp grew its position in Avantis Emerging Markets Equity ETF by 0.7% during the 3rd quarter. Certified Advisory Corp now owns 139,188 shares of the company’s stock worth $13,086,000 after purchasing an additional 955 shares during the last quarter. Austin Asset Management Co Inc grew its position in Avantis Emerging Markets Equity ETF by 5.8% during the 3rd quarter. Austin Asset Management Co Inc now owns 6,569 shares of the company’s stock worth $618,000 after purchasing an additional 359 shares during the last quarter. Vise Technologies Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $20,692,000. Finally, MGO One Seven LLC increased its stake in Avantis Emerging Markets Equity ETF by 735.8% during the 3rd quarter. MGO One Seven LLC now owns 146,741 shares of the company’s stock valued at $13,797,000 after purchasing an additional 129,184 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Down 0.0%

NYSEARCA AVEM opened at $85.98 on Tuesday. The company has a fifty day simple moving average of $92.93 and a two-hundred day simple moving average of $90.03. The stock has a market cap of $26.56 billion, a P/E ratio of 12.66 and a beta of 0.75. Avantis Emerging Markets Equity ETF has a 12-month low of $73.79 and a 12-month high of $100.83.

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.