Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) Sets New 12-Month Low – Time to Sell?

Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $55.59 and last traded at $56.20, with a volume of 356775 shares changing hands. The stock had previously closed at $59.48.

Avantis Emerging Markets Equity ETF Stock Down 5.7 %

The stock’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $61.23. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 12.56 and a beta of 0.67.

Institutional Investors Weigh In On Avantis Emerging Markets Equity ETF

Several large investors have recently made changes to their positions in AVEM. Minot DeBlois Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF during the fourth quarter valued at approximately $26,000. Tucker Asset Management LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF during the 4th quarter worth $33,000. Webster Bank N. A. bought a new position in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at $46,000. Signaturefd LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $66,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 30.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,254 shares of the company’s stock valued at $74,000 after purchasing an additional 291 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.