Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Strong Trading Volume

Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw an uptick in trading volume on Wednesday . 608,764 shares were traded during trading, an increase of 80% from the previous session’s volume of 337,358 shares.The stock last traded at $62.21 and had previously closed at $61.36.

Avantis Emerging Markets Equity ETF Stock Performance

The company’s 50 day moving average is $60.97 and its 200 day moving average is $58.04. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

Institutional Trading of Avantis Emerging Markets Equity ETF

A number of hedge funds have recently modified their holdings of the company. Beaird Harris Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 2.3% during the 3rd quarter. Beaird Harris Wealth Management LLC now owns 622,985 shares of the company’s stock worth $32,887,000 after acquiring an additional 14,193 shares during the period. McIlrath & Eck LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 533.8% during the third quarter. McIlrath & Eck LLC now owns 13,513 shares of the company’s stock valued at $713,000 after purchasing an additional 11,381 shares in the last quarter. Orion Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 150.8% in the 3rd quarter. Orion Capital Management LLC now owns 11,849 shares of the company’s stock valued at $626,000 after purchasing an additional 7,124 shares during the period. Carlson Capital Management raised its holdings in shares of Avantis Emerging Markets Equity ETF by 2.0% in the 3rd quarter. Carlson Capital Management now owns 331,066 shares of the company’s stock worth $17,477,000 after buying an additional 6,549 shares in the last quarter. Finally, IMA Wealth Inc. lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.1% during the 3rd quarter. IMA Wealth Inc. now owns 26,596 shares of the company’s stock worth $1,404,000 after buying an additional 552 shares during the period.

About Avantis Emerging Markets Equity ETF

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.