Stone Summit Wealth LLC Increases Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Stone Summit Wealth LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,371 shares of the company’s stock after buying an additional 935 shares during the period. Stone Summit Wealth LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $2,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVEM. Wealth Enhancement Advisory Services LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 2.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 267,563 shares of the company’s stock worth $15,730,000 after acquiring an additional 6,438 shares during the period. Webster Bank N. A. purchased a new stake in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $46,000. Highland Financial Advisors LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 1.5% during the 1st quarter. Highland Financial Advisors LLC now owns 98,769 shares of the company’s stock valued at $5,943,000 after acquiring an additional 1,417 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 3.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 14,863 shares of the company’s stock worth $894,000 after buying an additional 554 shares during the last quarter. Finally, Sterneck Capital Management LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 4.1% in the 1st quarter. Sterneck Capital Management LLC now owns 53,006 shares of the company’s stock worth $3,189,000 after acquiring an additional 2,098 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $74.17 on Friday. The stock has a fifty day moving average price of $71.88 and a two-hundred day moving average price of $66.43. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 12.66 and a beta of 0.80. Avantis Emerging Markets Equity ETF has a 52-week low of $52.52 and a 52-week high of $75.91.

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.