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

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $80.57 and last traded at $80.6550, with a volume of 241552 shares changing hands. The stock had previously closed at $79.98.

Avantis Emerging Markets Equity ETF Stock Performance

The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The business’s 50 day moving average is $77.02 and its 200 day moving average is $74.12.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FFG Retirement Advisors LLC grew its stake in Avantis Emerging Markets Equity ETF by 188.1% during the 4th quarter. FFG Retirement Advisors LLC now owns 12,669 shares of the company’s stock valued at $976,000 after purchasing an additional 8,271 shares during the last quarter. Sentinel Pension Advisors LLC increased its holdings in Avantis Emerging Markets Equity ETF by 29.8% in the 4th quarter. Sentinel Pension Advisors LLC now owns 46,832 shares of the company’s stock worth $3,607,000 after buying an additional 10,762 shares during the period. Physician Wealth Solutions Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 5.0% in the 4th quarter. Physician Wealth Solutions Inc. now owns 74,106 shares of the company’s stock worth $5,708,000 after buying an additional 3,504 shares during the period. Sax Wealth Advisors LLC raised its position in Avantis Emerging Markets Equity ETF by 1.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 16,393 shares of the company’s stock worth $1,263,000 after buying an additional 165 shares during the last quarter. Finally, Canvas Wealth Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 8.5% during the 4th quarter. Canvas Wealth Advisors LLC now owns 47,475 shares of the company’s stock valued at $3,657,000 after acquiring an additional 3,723 shares during the period.

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.