Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Strong Trading Volume – Here’s Why

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw unusually-high trading volume on Thursday . Approximately 2,548,452 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 2,035,005 shares.The stock last traded at $91.95 and had previously closed at $92.23.

Avantis Emerging Markets Equity ETF Stock Performance

The business’s 50-day moving average is $86.43 and its 200 day moving average is $82.47. The company has a market cap of $24.18 billion, a PE ratio of 12.66 and a beta of 0.72.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

A number of hedge funds have recently modified their holdings of the company. Winch Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at $26,000. Rothschild Investment LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $36,000. 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 valued at $43,000 after buying an additional 361 shares during the period. Finally, Hantz Financial Services Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after buying an additional 183 shares during the period.

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.