Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Strong Trading Volume – Still a Buy?

Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw an uptick in trading volume on Monday . 1,561,957 shares were traded during mid-day trading, an increase of 181% from the previous session’s volume of 555,230 shares.The stock last traded at $58.54 and had previously closed at $59.84.

Avantis Emerging Markets Equity ETF Stock Up 0.2 %

The stock has a market cap of $5.28 billion, a P/E ratio of 9.91 and a beta of 0.88. The stock has a fifty day simple moving average of $59.95 and a 200-day simple moving average of $61.25.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

A number of hedge funds have recently modified their holdings of AVEM. FMR LLC raised its position in Avantis Emerging Markets Equity ETF by 223.6% in the 3rd quarter. FMR LLC now owns 2,016 shares of the company’s stock valued at $130,000 after buying an additional 1,393 shares during the last quarter. Sterneck Capital Management LLC grew its stake in Avantis Emerging Markets Equity ETF by 17.6% in the third quarter. Sterneck Capital Management LLC now owns 51,648 shares of the company’s stock valued at $3,336,000 after purchasing an additional 7,737 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Avantis Emerging Markets Equity ETF by 123.1% during the 3rd quarter. Raymond James & Associates now owns 190,732 shares of the company’s stock worth $12,321,000 after acquiring an additional 105,243 shares during the period. DBK Financial Counsel LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 3.0% during the 3rd quarter. DBK Financial Counsel LLC now owns 10,178 shares of the company’s stock worth $657,000 after acquiring an additional 300 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 3rd quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock worth $1,217,000 after acquiring an additional 2,107 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.