Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 52-Week High – Here’s Why

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $96.44 and last traded at $96.42, with a volume of 49609 shares trading hands. The stock had previously closed at $93.05.

Avantis Emerging Markets Equity ETF Price Performance

The firm has a market cap of $24.90 billion, a P/E ratio of 12.66 and a beta of 0.72. The firm’s 50 day moving average is $87.69 and its 200 day moving average is $83.08.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Winch Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at $26,000. Glenmede Trust Co. NA purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the first quarter worth $31,000. Rothschild Investment LLC increased its holdings 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 acquiring an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at $36,000. Finally, Team Financial Group LLC raised its position in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares during 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.