Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Reaches New 12-Month High – Time to Buy?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s stock price hit a new 52-week high during trading on Saturday . The stock traded as high as $88.31 and last traded at $88.29, with a volume of 7611839 shares traded. The stock had previously closed at $86.28.

Avantis Emerging Markets Equity ETF Stock Performance

The company has a market capitalization of $19.51 billion, a PE ratio of 12.66 and a beta of 0.68. The business has a fifty day moving average price of $81.27 and a 200 day moving average price of $77.18.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVEM. Capstone Wealth Management Inc. purchased a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at $1,584,000. Professional Financial Solutions LLC ADV acquired a new position in Avantis Emerging Markets Equity ETF in the 4th quarter worth $352,000. WealthPoint Financial LLC purchased a new position in Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $1,639,000. Compound Planning Inc. boosted its position in Avantis Emerging Markets Equity ETF by 44.2% in the 4th quarter. Compound Planning Inc. now owns 369,300 shares of the company’s stock valued at $28,443,000 after buying an additional 113,121 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 80.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 73,039 shares of the company’s stock valued at $5,625,000 after acquiring an additional 32,649 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.