Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Large Volume Increase – Here’s What Happened

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) saw unusually-strong trading volume on Monday . Approximately 242,481 shares were traded during mid-day trading, a decline of 36% from the previous session’s volume of 381,172 shares.The stock last traded at $63.12 and had previously closed at $62.59.

Avantis Emerging Markets Equity ETF Trading Up 1.5 %

The business has a 50 day simple moving average of $62.88 and a two-hundred day simple moving average of $61.54. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Savant Capital LLC increased its position in Avantis Emerging Markets Equity ETF by 7.5% in the second quarter. Savant Capital LLC now owns 14,181,306 shares of the company’s stock worth $866,336,000 after buying an additional 992,460 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Avantis Emerging Markets Equity ETF by 10.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,162,990 shares of the company’s stock worth $498,677,000 after purchasing an additional 803,346 shares in the last quarter. Annex Advisory Services LLC increased its stake in Avantis Emerging Markets Equity ETF by 13.8% during the 3rd quarter. Annex Advisory Services LLC now owns 2,539,099 shares of the company’s stock valued at $164,026,000 after buying an additional 307,011 shares during the period. Haverford Trust Co lifted its stake in shares of Avantis Emerging Markets Equity ETF by 0.6% in the 3rd quarter. Haverford Trust Co now owns 2,248,631 shares of the company’s stock worth $145,262,000 after acquiring an additional 13,301 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 7,528.9% during the second quarter. Strategic Financial Concepts LLC now owns 2,157,235 shares of the company’s stock valued at $131,785,000 after acquiring an additional 2,128,958 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.