Kestra Investment Management LLC Acquires New Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Kestra Investment Management LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,703 shares of the company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVEM. Raymond James & Associates raised its holdings in Avantis Emerging Markets Equity ETF by 123.1% in the 3rd quarter. Raymond James & Associates now owns 190,732 shares of the company’s stock valued at $12,321,000 after acquiring an additional 105,243 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 417.7% in the third quarter. Private Advisor Group LLC now owns 201,308 shares of the company’s stock valued at $13,005,000 after purchasing an additional 162,424 shares during the period. Index Fund Advisors Inc. acquired a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at $201,000. Leading Edge Financial Planning LLC lifted its position in Avantis Emerging Markets Equity ETF by 4.8% during the third quarter. Leading Edge Financial Planning LLC now owns 21,831 shares of the company’s stock worth $1,410,000 after buying an additional 1,000 shares during the period. Finally, Mraz Amerine & Associates Inc. boosted its stake in Avantis Emerging Markets Equity ETF by 5.0% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 36,279 shares of the company’s stock worth $2,344,000 after buying an additional 1,724 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

NYSEARCA AVEM opened at $61.95 on Friday. The company has a market cap of $5.54 billion, a P/E ratio of 9.91 and a beta of 0.88. Avantis Emerging Markets Equity ETF has a 12 month low of $55.65 and a 12 month high of $66.31. The company has a 50-day moving average of $59.54 and a 200-day moving average of $61.18.

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.