Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 52-Week High at $63.68

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) reached a new 52-week high on Tuesday . The stock traded as high as $63.68 and last traded at $63.68, with a volume of 7949 shares changing hands. The stock had previously closed at $62.24.

Avantis Emerging Markets Equity ETF Stock Up 2.2 %

The company has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $60.17. The firm has a market cap of $5.69 billion, a P/E ratio of 9.91 and a beta of 0.88.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthstream Advisors Inc. increased its stake in shares of Avantis Emerging Markets Equity ETF by 1.2% in the second quarter. Wealthstream Advisors Inc. now owns 16,503 shares of the company’s stock worth $1,008,000 after purchasing an additional 190 shares in the last quarter. Tillman Hartley LLC raised its holdings in Avantis Emerging Markets Equity ETF by 1.4% during the second quarter. Tillman Hartley LLC now owns 13,811 shares of the company’s stock valued at $844,000 after acquiring an additional 190 shares during the period. CVA Family Office LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 59.7% in the second quarter. CVA Family Office LLC now owns 559 shares of the company’s stock valued at $34,000 after acquiring an additional 209 shares in the last quarter. Trellis Wealth Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 0.3% in the first quarter. Trellis Wealth Advisors LLC now owns 79,564 shares of the company’s stock worth $4,612,000 after acquiring an additional 226 shares during the period. Finally, HB Wealth Management LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 1.1% in the first quarter. HB Wealth Management LLC now owns 20,704 shares of the company’s stock worth $1,200,000 after acquiring an additional 234 shares during the period.

About Avantis Emerging Markets Equity ETF

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.