Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 1-Year Low – Here’s What Happened

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $55.59 and last traded at $56.20, with a volume of 356775 shares changing hands. The stock had previously closed at $59.48.

Avantis Emerging Markets Equity ETF Stock Down 5.7 %

The firm’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $61.23. The firm has a market capitalization of $7.24 billion, a PE ratio of 12.56 and a beta of 0.67.

Hedge Funds Weigh In On Avantis Emerging Markets Equity ETF

A number of institutional investors have recently added to or reduced their stakes in AVEM. Minot DeBlois Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $26,000. Tucker Asset Management LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth $33,000. Webster Bank N. A. acquired a new stake in Avantis Emerging Markets Equity ETF in the first quarter valued at $46,000. Signaturefd LLC bought a new position in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $66,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in Avantis Emerging Markets Equity ETF by 30.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,254 shares of the company’s stock worth $74,000 after acquiring an additional 291 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.