Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Volume Increase – Still a Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw unusually-strong trading volume on Tuesday . Approximately 3,065,369 shares traded hands during mid-day trading, an increase of 261% from the previous session’s volume of 848,972 shares.The stock last traded at $75.8790 and had previously closed at $76.60.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

The firm has a market cap of $14.14 billion, a P/E ratio of 12.66 and a beta of 0.68. The company’s 50 day simple moving average is $76.05 and its 200-day simple moving average is $70.93.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in Avantis Emerging Markets Equity ETF by 19.7% in the first quarter. Bank of New York Mellon Corp now owns 101,274 shares of the company’s stock worth $6,094,000 after purchasing an additional 16,701 shares in the last quarter. Wealthfront Advisers LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 82.1% during the first quarter. Wealthfront Advisers LLC now owns 12,005 shares of the company’s stock valued at $722,000 after buying an additional 5,411 shares during the period. Aire Advisors LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 3.4% in the first quarter. Aire Advisors LLC now owns 184,627 shares of the company’s stock valued at $11,109,000 after acquiring an additional 6,011 shares in the last quarter. Gries Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the first quarter worth about $493,000. Finally, Integrity Investment Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth about $783,000.

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.