Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 12-Month High – Here’s What Happened
by Amy Steele · The Cerbat GemAvantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $78.77 and last traded at $78.5870, with a volume of 194559 shares trading hands. The stock had previously closed at $77.02.
Avantis Emerging Markets Equity ETF Stock Up 2.1%
The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The stock’s 50-day simple moving average is $76.80 and its two-hundred day simple moving average is $73.51.
Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF
Several institutional investors have recently bought and sold shares of the company. Fortress Financial Solutions LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 2.6% in the third quarter. Fortress Financial Solutions LLC now owns 5,145 shares of the company’s stock valued at $386,000 after acquiring an additional 131 shares in the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 2.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,516 shares of the company’s stock valued at $489,000 after purchasing an additional 139 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Avantis Emerging Markets Equity ETF by 0.7% during the 3rd quarter. Pathstone Holdings LLC now owns 22,116 shares of the company’s stock worth $1,661,000 after purchasing an additional 144 shares during the last quarter. Atlas Brown Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 4.2% during the second quarter. Atlas Brown Inc. now owns 4,029 shares of the company’s stock worth $276,000 after buying an additional 164 shares in the last quarter. Finally, Consolidated Portfolio Review Corp grew its holdings in shares of Avantis Emerging Markets Equity ETF by 3.6% during the third quarter. Consolidated Portfolio Review Corp now owns 5,279 shares of the company’s stock worth $397,000 after buying an additional 181 shares in 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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.