Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Strong Trading Volume – Here’s Why

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEMGet Free Report) saw unusually-high trading volume on Thursday . Approximately 2,548,452 shares traded hands during trading, an increase of 25% from the previous session’s volume of 2,035,005 shares.The stock last traded at $91.95 and had previously closed at $92.23.

Avantis Emerging Markets Equity ETF Stock Up 0.5%

The firm’s 50-day moving average is $86.43 and its 200-day moving average is $82.47. The company has a market cap of $24.18 billion, a PE ratio of 12.66 and a beta of 0.72.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Hedge funds have recently bought and sold shares of the business. Winch Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF during the first quarter worth about $26,000. Rothschild Investment LLC boosted its stake in Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after acquiring an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $36,000. Hantz Financial Services Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares in the last quarter. Finally, Team Financial Group LLC boosted its stake in Avantis Emerging Markets Equity ETF by 184.2% during the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares in the last quarter.

About Avantis Emerging Markets Equity ETF

(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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.

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