Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 52-Week High – Still a Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $94.85 and last traded at $94.78, with a volume of 1818385 shares. The stock had previously closed at $92.23.

Avantis Emerging Markets Equity ETF Stock Up 2.0%

The firm’s fifty day simple moving average is $84.97 and its 200-day simple moving average is $81.45. The company has a market cap of $24.95 billion, a PE ratio of 12.66 and a beta of 0.72.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of large investors have recently bought and sold shares of AVEM. Savant Capital LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 3.2% in the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock valued at $1,387,215,000 after acquiring an additional 564,371 shares in the last quarter. Bank of America Corp DE increased its position in Avantis Emerging Markets Equity ETF by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after purchasing an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after purchasing an additional 418,018 shares during the last quarter. Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. Finally, Wells Fargo & Company MN lifted its holdings in Avantis Emerging Markets Equity ETF by 17.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after purchasing an additional 837,069 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.