Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Hits New 12-Month High – What’s Next?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEMGet Free Report) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $99.67 and last traded at $99.58, with a volume of 734231 shares changing hands. The stock had previously closed at $96.65.

Avantis Emerging Markets Equity ETF Price Performance

The firm’s 50-day moving average price is $92.95 and its 200 day moving average price is $85.39. The firm has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of large investors have recently bought and sold shares of AVEM. Winch Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at $26,000. Glenmede Trust Co. NA purchased a new stake in Avantis Emerging Markets Equity ETF during the 1st quarter worth about $31,000. Rothschild Investment LLC raised its stake in Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $36,000. Finally, Hantz Financial Services Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares in the last quarter.

Avantis Emerging Markets Equity ETF Company Profile

(Get Free Report)

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.

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