Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw an uptick in trading volume on Tuesday . 2,497,633 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 1,183,391 shares.The stock last traded at $80.6940 and had previously closed at $80.99.

Avantis Emerging Markets Equity ETF Stock Down 0.5%

The firm has a market cap of $16.93 billion, a PE ratio of 12.66 and a beta of 0.68. The company has a 50-day simple moving average of $77.08 and a two-hundred day simple moving average of $74.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centennial Wealth Advisory LLC lifted its position in shares of Avantis Emerging Markets Equity ETF by 48.4% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 26,705 shares of the company’s stock worth $2,006,000 after purchasing an additional 8,707 shares during the period. Modera Wealth Management LLC raised its stake in Avantis Emerging Markets Equity ETF by 0.7% in the second quarter. Modera Wealth Management LLC now owns 181,076 shares of the company’s stock worth $12,411,000 after buying an additional 1,234 shares in the last quarter. Atlas Brown Inc. lifted its holdings in Avantis Emerging Markets Equity ETF by 223.9% in the third quarter. Atlas Brown Inc. now owns 13,051 shares of the company’s stock worth $980,000 after buying an additional 9,022 shares during the period. White Pine Investment CO bought a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at approximately $2,799,000. Finally, Cerity Partners LLC boosted its position in Avantis Emerging Markets Equity ETF by 2.8% during the 3rd quarter. Cerity Partners LLC now owns 2,687,213 shares of the company’s stock valued at $202,061,000 after acquiring an additional 72,106 shares in the last quarter.

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