Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 52-Week High at $63.68

Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) hit a new 52-week high on Tuesday . The stock traded as high as $63.68 and last traded at $63.68, with a volume of 7949 shares traded. The stock had previously closed at $62.24.

Avantis Emerging Markets Equity ETF Trading Up 2.2 %

The firm has a market cap of $5.69 billion, a P/E ratio of 9.91 and a beta of 0.88. The business has a 50-day moving average price of $60.63 and a 200-day moving average price of $60.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ORBA Wealth Advisors L.L.C. bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $3,552,000. Northwest Wealth Management LLC boosted its position in Avantis Emerging Markets Equity ETF by 14.5% during the 4th quarter. Northwest Wealth Management LLC now owns 152,943 shares of the company’s stock valued at $8,624,000 after acquiring an additional 19,332 shares in the last quarter. Annex Advisory Services LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 8.8% in the 4th quarter. Annex Advisory Services LLC now owns 1,986,239 shares of the company’s stock valued at $112,004,000 after acquiring an additional 161,191 shares during the period. CAP Partners LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter worth $1,637,000. Finally, JRM Investment Counsel LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 59.1% during the 4th quarter. JRM Investment Counsel LLC now owns 179,763 shares of the company’s stock worth $10,137,000 after purchasing an additional 66,796 shares during 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.