Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 12-Month High – Here’s What Happened

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $83.44 and last traded at $83.10, with a volume of 1136684 shares trading hands. The stock had previously closed at $82.86.

Avantis Emerging Markets Equity ETF Trading Up 0.7%

The firm’s fifty day moving average is $78.30 and its 200 day moving average is $75.29. The company has a market cap of $18.65 billion, a PE ratio of 12.66 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2,366.7% during the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock valued at $25,000 after acquiring an additional 355 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the third quarter worth approximately $30,000. Team Financial Group LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $49,000. Finally, Spire Wealth Management lifted its holdings in Avantis Emerging Markets Equity ETF by 324.9% in the 3rd quarter. Spire Wealth Management now owns 752 shares of the company’s stock valued at $56,000 after purchasing an additional 575 shares in the last quarter.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.