Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 52-Week High – Time to Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $90.04 and last traded at $89.90, with a volume of 56605 shares. The stock had previously closed at $88.11.

Avantis Emerging Markets Equity ETF Stock Up 2.5%

The stock’s fifty day moving average price is $84.01 and its 200 day moving average price is $80.04. The stock has a market cap of $23.01 billion, a PE ratio of 12.66 and a beta of 0.67.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Savant Capital LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 3.2% in the third quarter. Savant Capital LLC now owns 18,469,078 shares of the company’s stock worth $1,387,215,000 after purchasing an additional 564,371 shares during the period. Bank of America Corp DE boosted its holdings in Avantis Emerging Markets Equity ETF by 4.9% in the 3rd quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after buying an additional 867,710 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Avantis Emerging Markets Equity ETF by 4.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock worth $741,503,000 after buying an additional 418,018 shares in the last quarter. Align Financial LLC bought a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter valued at about $528,227,000. Finally, Wells Fargo & Company MN raised its holdings in Avantis Emerging Markets Equity ETF by 17.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock valued at $437,145,000 after acquiring an additional 837,069 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.