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

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares saw unusually-high trading volume on Monday . Approximately 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 company has a market cap of $5.28 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88. The firm has a 50 day moving average price of $59.95 and a two-hundred day moving average price of $61.25.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Iron Horse Wealth Management LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $28,000. Northwest Investment Counselors LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $37,000. City State Bank acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $45,000. Brown Lisle Cummings Inc. acquired a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth approximately $82,000. Finally, FMR LLC grew its stake in Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after purchasing an additional 1,393 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.