Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 1-Year High at $59.40

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $59.40 and last traded at $59.29, with a volume of 6978 shares changing hands. The stock had previously closed at $58.97.

Avantis Emerging Markets Equity ETF Trading Down 1.5 %

The company has a market capitalization of $3.96 billion, a P/E ratio of 7.73 and a beta of 0.80. The stock has a 50 day moving average price of $57.33 and a 200 day moving average price of $55.16.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AVEM. Flow Traders U.S. LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at $866,000. Cowa LLC raised its position in Avantis Emerging Markets Equity ETF by 3,504.4% during the 1st quarter. Cowa LLC now owns 473,407 shares of the company’s stock worth $281,000 after purchasing an additional 460,273 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth about $2,994,000. Eaton Vance Management lifted its holdings in Avantis Emerging Markets Equity ETF by 112.1% during the 1st quarter. Eaton Vance Management now owns 22,467 shares of the company’s stock worth $1,332,000 after buying an additional 11,873 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Avantis Emerging Markets Equity ETF by 3,268.8% during the 1st quarter. Royal Bank of Canada now owns 15,530 shares of the company’s stock worth $921,000 after buying an additional 15,069 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.