Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 12-Month High – Still a Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) hit a new 52-week high during trading on Thursday . The company traded as high as $94.85 and last traded at $94.78, with a volume of 1818385 shares trading hands. The stock had previously closed at $92.23.

Avantis Emerging Markets Equity ETF Price Performance

The business has a 50 day simple moving average of $84.87 and a 200 day simple moving average of $81.32. The stock has a market cap of $24.72 billion, a PE ratio of 12.66 and a beta of 0.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AVEM. Asempa Wealth Advisors acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth approximately $939,000. Breakwater Capital Group raised its holdings in shares of Avantis Emerging Markets Equity ETF by 14.8% in the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after buying an additional 6,774 shares in the last quarter. CFS Investment Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter worth approximately $3,713,000. ACT Advisors LLC. raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after buying an additional 10,245 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.8% in the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock worth $202,061,000 after buying an additional 72,106 shares in 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.