Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 12-Month High at $58.63

Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEMGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $58.63 and last traded at $58.58, with a volume of 22429 shares changing hands. The stock had previously closed at $57.96.

Avantis Emerging Markets Equity ETF Stock Up 0.4 %

The business has a 50-day moving average price of $56.76 and a 200-day moving average price of $54.92. The firm has a market capitalization of $3.95 billion, a PE ratio of 7.73 and a beta of 0.80.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AVEM. Savant Capital LLC grew its position in Avantis Emerging Markets Equity ETF by 24,546.3% in the fourth quarter. Savant Capital LLC now owns 8,934,526 shares of the company’s stock worth $446,344,000 after acquiring an additional 8,898,275 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Avantis Emerging Markets Equity ETF by 28,694.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 3,523,553 shares of the company’s stock worth $189,602,000 after acquiring an additional 3,511,316 shares during the period. Envestnet Asset Management Inc. grew its position in Avantis Emerging Markets Equity ETF by 58.3% in the third quarter. Envestnet Asset Management Inc. now owns 6,036,760 shares of the company’s stock worth $318,681,000 after acquiring an additional 2,223,331 shares during the period. Morgan Stanley grew its position in Avantis Emerging Markets Equity ETF by 544.4% in the fourth quarter. Morgan Stanley now owns 1,306,281 shares of the company’s stock worth $65,902,000 after acquiring an additional 1,103,582 shares during the period. Finally, Haverford Trust Co grew its position in 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 acquiring an additional 839,454 shares during the period.

Avantis Emerging Markets Equity ETF Company Profile

(Get Free Report)

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.

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