Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Unusually-High Trading Volume – Should You Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares saw an uptick in trading volume on Friday . 5,372,884 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 1,804,625 shares.The stock last traded at $87.2250 and had previously closed at $86.28.

Avantis Emerging Markets Equity ETF Stock Up 1.9%

The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The stock’s 50-day simple moving average is $81.04 and its two-hundred day simple moving average is $76.94.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently bought and sold shares of the company. Savant Capital LLC raised its holdings in Avantis Emerging Markets Equity ETF by 3.2% in the 3rd 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 during the last quarter. Bank of America Corp DE grew its position in shares of Avantis Emerging Markets Equity ETF by 4.9% in the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock valued at $1,382,953,000 after purchasing an additional 867,710 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Avantis Emerging Markets Equity ETF by 16.5% in the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after purchasing an additional 2,483,487 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Avantis Emerging Markets Equity ETF by 4.5% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares in the last quarter. Finally, Align Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $528,227,000.

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.