Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Hits New 52-Week High at $59.56

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s share price hit a new 52-week high on Thursday . The company traded as high as $59.56 and last traded at $59.53, with a volume of 50894 shares. The stock had previously closed at $58.48.

Avantis Emerging Markets Equity ETF Stock Performance

The firm has a market cap of $5.29 billion, a P/E ratio of 9.46 and a beta of 0.80. The firm has a fifty day moving average of $57.81 and a 200-day moving average of $55.69.

Institutional Trading of Avantis Emerging Markets Equity ETF

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in shares of Avantis Emerging Markets Equity ETF by 58.3% during the third quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock worth $318,681,000 after buying an additional 2,223,331 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in Avantis Emerging Markets Equity ETF by 56.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after acquiring an additional 1,990,140 shares in the last quarter. Savant Capital LLC boosted its position in Avantis Emerging Markets Equity ETF by 10.7% during the 4th quarter. Savant Capital LLC now owns 12,270,330 shares of the company’s stock worth $691,924,000 after acquiring an additional 1,185,965 shares during the period. Haverford Trust Co grew its stake in shares of Avantis Emerging Markets Equity ETF by 61.9% in the fourth quarter. Haverford Trust Co now owns 2,194,665 shares of the company’s stock worth $123,757,000 after purchasing an additional 839,454 shares in the last quarter. Finally, Summit Financial Strategies Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $38,549,000.

About Avantis Emerging Markets Equity ETF

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.