Kestra Investment Management LLC Increases Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Kestra Investment Management LLC raised its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 3,618.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,475,543 shares of the company’s stock after acquiring an additional 1,435,866 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 2.8% of Kestra Investment Management LLC’s portfolio, making the stock its 8th biggest position. Kestra Investment Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $113,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AVEM. Team Financial Group LLC boosted its position in Avantis Emerging Markets Equity ETF by 184.2% during the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after acquiring an additional 361 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Avantis Emerging Markets Equity ETF by 49.5% during the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter valued at $65,000. LGT Financial Advisors LLC bought a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $78,000. Finally, Spire Wealth Management boosted its position in Avantis Emerging Markets Equity ETF by 43.4% during the 4th quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock valued at $83,000 after acquiring an additional 326 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of NYSEARCA AVEM opened at $93.05 on Tuesday. The stock has a market capitalization of $24.27 billion, a PE ratio of 12.66 and a beta of 0.72. Avantis Emerging Markets Equity ETF has a 12-month low of $63.91 and a 12-month high of $96.07. The stock’s fifty day simple moving average is $87.08 and its two-hundred day simple moving average is $82.80.

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.