Avantis Emerging Markets Equity ETF $AVEM Stake Lifted by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3,618.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,475,543 shares of the company’s stock after purchasing an additional 1,435,866 shares during the quarter. Avantis Emerging Markets Equity ETF comprises about 2.8% of Kestra Investment Management LLC’s portfolio, making the stock its 8th biggest position. Kestra Investment Management LLC owned 0.67% of Avantis Emerging Markets Equity ETF worth $113,646,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Asempa Wealth Advisors purchased a new position in Avantis Emerging Markets Equity ETF during the 4th quarter worth $939,000. Breakwater Capital Group increased its holdings in Avantis Emerging Markets Equity ETF by 14.8% during the 4th quarter. Breakwater Capital Group now owns 52,518 shares of the company’s stock worth $4,045,000 after purchasing an additional 6,774 shares during the period. CFS Investment Advisory Services LLC purchased a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter worth $3,713,000. ACT Advisors LLC. increased its holdings in Avantis Emerging Markets Equity ETF by 3.4% during the 4th quarter. ACT Advisors LLC. now owns 307,508 shares of the company’s stock worth $23,684,000 after purchasing an additional 10,245 shares during the period. Finally, Assetmark Inc. increased its holdings in Avantis Emerging Markets Equity ETF by 28,061.5% during the 3rd quarter. Assetmark Inc. now owns 105,324 shares of the company’s stock worth $7,911,000 after purchasing an additional 104,950 shares during the period.

Avantis Emerging Markets Equity ETF Price Performance

AVEM opened at $93.05 on Tuesday. The stock’s fifty day moving average is $87.08 and its two-hundred day moving average is $82.80. The company has a market capitalization of $24.27 billion, a P/E ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 52 week low of $63.91 and a 52 week high of $96.07.

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