Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Hits New 1-Year High – Here’s Why

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $96.44 and last traded at $96.42, with a volume of 49609 shares trading hands. The stock had previously closed at $93.05.

Avantis Emerging Markets Equity ETF Stock Performance

The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 12.66 and a beta of 0.72. The company’s 50 day simple moving average is $87.08 and its two-hundred day simple moving average is $82.80.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $26,000. Rothschild Investment LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $36,000. Team Financial Group LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after purchasing an additional 361 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after purchasing an additional 183 shares during the last quarter.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.