Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sees Unusually-High Trading Volume

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) shares saw unusually-strong trading volume on Wednesday . Approximately 608,764 shares changed hands during mid-day trading, an increase of 80% from the previous session’s volume of 337,358 shares.The stock last traded at $62.21 and had previously closed at $61.36.

Avantis Emerging Markets Equity ETF Stock Performance

The company has a fifty day simple moving average of $60.80 and a two-hundred day simple moving average of $57.98. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 9.91 and a beta of 0.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF by 75.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,980 shares of the company’s stock valued at $157,000 after acquiring an additional 1,280 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in Avantis Emerging Markets Equity ETF by 56.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 5,513,693 shares of the company’s stock valued at $291,068,000 after acquiring an additional 1,990,140 shares during the last quarter. WealthPlan Investment Management LLC increased its stake in Avantis Emerging Markets Equity ETF by 774.6% in the third quarter. WealthPlan Investment Management LLC now owns 106,330 shares of the company’s stock valued at $5,613,000 after acquiring an additional 94,173 shares during the last quarter. Beaird Harris Wealth Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 2.3% during the third quarter. Beaird Harris Wealth Management LLC now owns 622,985 shares of the company’s stock valued at $32,887,000 after buying an additional 14,193 shares during the last quarter. Finally, McIlrath & Eck LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 533.8% during the third quarter. McIlrath & Eck LLC now owns 13,513 shares of the company’s stock valued at $713,000 after buying an additional 11,381 shares during 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.