Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 52-Week High – Still a Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $99.67 and last traded at $99.58, with a volume of 734231 shares. The stock had previously closed at $96.65.

Avantis Emerging Markets Equity ETF Stock Up 3.2%

The stock has a market capitalization of $26.02 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73. The business has a 50-day simple moving average of $92.31 and a two-hundred day simple moving average of $85.13.

Institutional Trading of Avantis Emerging Markets Equity ETF

Several institutional investors have recently modified their holdings of the company. Winch Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF during the first quarter worth approximately $26,000. Glenmede Trust Co. NA acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the first quarter worth $31,000. Rothschild Investment LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after purchasing an additional 289 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter valued at $36,000. Finally, Team Financial Group LLC boosted its position in shares of Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the period.

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