Kestra Investment Management LLC Acquires 175,853 Shares of Avantis Emerging Markets Equity ETF $AVEM

Kestra Investment Management LLC raised its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,061,339 shares of the company’s stock after buying an additional 175,853 shares during the period. Avantis Emerging Markets Equity ETF makes up about 3.7% of Kestra Investment Management LLC’s investment portfolio, making the stock its 6th largest holding. Kestra Investment Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $193,807,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of AVEM. Bank of America Corp DE grew its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the 1st quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after acquiring an additional 8,908,264 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the third quarter worth $248,060,000. PNC Financial Services Group Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 6.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after purchasing an additional 131,390 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after purchasing an additional 219,618 shares during the last quarter. Finally, Annex Advisory Services LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $157,364,000.

Avantis Emerging Markets Equity ETF Trading Up 2.9%

Shares of AVEM opened at $85.71 on Tuesday. The business’s 50-day moving average price is $91.95 and its 200 day moving average price is $90.11. The stock has a market capitalization of $26.92 billion, a P/E ratio of 10.99 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 1-year low of $73.79 and a 1-year high of $100.83.

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