Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) Trading Up 1% – What’s Next?

Shares of Avantis Emerging Markets ex-China Equity ETF (NASDAQ:AVXC) traded up 1% during mid-day trading on Monday . The stock traded as high as $83.18 and last traded at $82.46. Approximately 33,665 shares traded hands during trading, a decline of 15% from the average session volume of 39,709 shares. The stock had previously closed at $81.66.

Avantis Emerging Markets ex-China Equity ETF Price Performance

The stock has a market capitalization of $399.65 million, a P/E ratio of 13.75 and a beta of 0.91. The company has a 50 day simple moving average of $81.44 and a 200-day simple moving average of $76.90.

Avantis Emerging Markets ex-China Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 9th were issued a $0.4432 dividend. This is a boost from Avantis Emerging Markets ex-China Equity ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.77 annualized dividend and a yield of 2.2%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AVXC. Global Strategic Investment Solutions LLC increased its stake in Avantis Emerging Markets ex-China Equity ETF by 4.8% in the 1st quarter. Global Strategic Investment Solutions LLC now owns 5,768 shares of the company’s stock worth $390,000 after acquiring an additional 262 shares during the last quarter. Csenge Advisory Group raised its position in shares of Avantis Emerging Markets ex-China Equity ETF by 9.9% during the 4th quarter. Csenge Advisory Group now owns 4,687 shares of the company’s stock valued at $299,000 after buying an additional 423 shares in the last quarter. Bank of Montreal Can purchased a new position in Avantis Emerging Markets ex-China Equity ETF in the fourth quarter worth $28,000. Bank of America Corp DE purchased a new stake in Avantis Emerging Markets ex-China Equity ETF during the third quarter valued at about $33,000. Finally, AdvisorNet Financial Inc purchased a new position in shares of Avantis Emerging Markets ex-China Equity ETF in the 1st quarter worth about $39,000.

About Avantis Emerging Markets ex-China Equity ETF

The Avantis Emerging Markets ex-China Equity ETF (AVXC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in emerging market companies (excluding China) with high profitability and value characteristics. The fund seeks long-term capital growth AVXC was launched on Mar 19, 2024 and is issued by American Century Investments.