Kestra Investment Management LLC Makes New $159,000 Investment in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

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

Several other institutional investors and hedge funds have also recently modified their holdings of AVEM. Mraz Amerine & Associates Inc. raised its position in shares of Avantis Emerging Markets Equity ETF by 15.1% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 41,771 shares of the company’s stock valued at $2,456,000 after buying an additional 5,492 shares during the period. Truist Financial Corp increased its stake in Avantis Emerging Markets Equity ETF by 4.1% during the fourth quarter. Truist Financial Corp now owns 5,725 shares of the company’s stock worth $337,000 after acquiring an additional 224 shares during the last quarter. Opus Capital Group LLC raised its position in Avantis Emerging Markets Equity ETF by 3.1% in the fourth quarter. Opus Capital Group LLC now owns 191,738 shares of the company’s stock valued at $11,272,000 after purchasing an additional 5,780 shares during the period. Philip James Wealth Mangement LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at $1,638,000. Finally, Mainsail Asset Management LLC lifted its stake in shares of Avantis Emerging Markets Equity ETF by 53.4% in the 4th quarter. Mainsail Asset Management LLC now owns 5,697 shares of the company’s stock valued at $335,000 after purchasing an additional 1,984 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $61.95 on Friday. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31. The firm has a market cap of $5.54 billion, a PE ratio of 9.91 and a beta of 0.88. The company has a 50-day moving average of $59.54 and a two-hundred day moving average of $61.18.

Avantis Emerging Markets Equity ETF 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.