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

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares reached a new 52-week high on Tuesday . The company traded as high as $83.44 and last traded at $83.10, with a volume of 1136684 shares trading hands. The stock had previously closed at $82.86.

Avantis Emerging Markets Equity ETF Trading Up 0.3%

The stock has a 50 day simple moving average of $77.94 and a 200-day simple moving average of $75.11. The firm has a market cap of $18.19 billion, a PE ratio of 12.66 and a beta of 0.68.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in 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. Envestnet Asset Management Inc. grew its stake in Avantis Emerging Markets Equity ETF by 16.5% during the second quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after acquiring an additional 2,483,487 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $170,265,000. PNC Financial Services Group Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 307.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,795,928 shares of the company’s stock valued at $123,093,000 after acquiring an additional 1,355,637 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Avantis Emerging Markets Equity ETF by 350.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock worth $105,477,000 after purchasing an additional 1,092,814 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.