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

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares hit a new 52-week high on Thursday . The company 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 company has a market capitalization of $26.02 billion, a PE ratio of 12.66 and a beta of 0.73. The business’s 50 day simple moving average is $92.31 and its 200 day simple moving average is $85.13.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of large investors have recently made changes to their positions in AVEM. Winch Advisory Services LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $26,000. Glenmede Trust Co. NA purchased a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $31,000. Rothschild Investment LLC grew its position in Avantis Emerging Markets Equity ETF by 192.7% during the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $36,000. Finally, Team Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 184.2% during 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.