Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Strong Trading Volume – Here’s Why

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw strong trading volume on Friday . 5,372,884 shares changed hands during trading, an increase of 198% from the previous session’s volume of 1,804,625 shares.The stock last traded at $87.2250 and had previously closed at $86.28.

Avantis Emerging Markets Equity ETF Stock Up 2.3%

The firm has a market cap of $19.51 billion, a PE ratio of 12.66 and a beta of 0.68. The business has a 50 day simple moving average of $81.27 and a two-hundred day simple moving average of $77.13.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently added to or reduced their stakes in AVEM. Hantz Financial Services Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 2,366.7% during the second quarter. Hantz Financial Services Inc. now owns 370 shares of the company’s stock worth $25,000 after acquiring an additional 355 shares during the period. American Capital Advisory LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $30,000. Rothschild Investment LLC increased its holdings 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 during the period. MidAtlantic Capital Management Inc. bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $36,000. Finally, Team Financial Group LLC raised its position 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 in the last quarter.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.