Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Volume Increase – Time to Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw unusually-strong trading volume on Thursday . Approximately 2,548,452 shares traded hands 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 Trading Down 0.1%

The firm has a fifty day simple moving average of $86.83 and a two-hundred day simple moving average of $82.66. The stock has a market cap of $24.27 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 large investors have recently modified their holdings of AVEM. Bank of America Corp DE raised its holdings in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the 2nd quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares in the last quarter. Align Financial LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter valued at about $528,227,000. Vantagepoint Investment Advisers LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 3rd quarter valued at about $170,265,000. Kestra Investment Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock valued at $113,646,000 after buying an additional 1,435,866 shares in the last quarter. Finally, Maseco LLP purchased a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $93,504,000.

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.