175,853 Avantis Emerging Markets Equity ETF $AVEM Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 9.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 accounts for 3.7% of Kestra Investment Management LLC’s portfolio, making the stock its 6th biggest holding. Kestra Investment Management LLC owned about 0.66% of Avantis Emerging Markets Equity ETF worth $193,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Baird Financial Group Inc. increased its position in shares of Avantis Emerging Markets Equity ETF by 135.1% during the 2nd quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock valued at $14,090,000 after purchasing an additional 83,919 shares during the period. Brickley Wealth Management raised its stake in shares of Avantis Emerging Markets Equity ETF by 6.1% in the 3rd quarter. Brickley Wealth Management now owns 130,142 shares of the company’s stock worth $12,236,000 after buying an additional 7,524 shares in the last quarter. Independence Bank of Kentucky lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 39.3% in the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after buying an additional 22,913 shares during the period. Cahill Financial Advisors Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 4.3% in the second quarter. Cahill Financial Advisors Inc. now owns 157,737 shares of the company’s stock valued at $15,220,000 after buying an additional 6,475 shares during the period. Finally, HB Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 4.5% in the second quarter. HB Wealth Management LLC now owns 1,108,268 shares of the company’s stock valued at $106,937,000 after buying an additional 47,729 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 2.9%

NYSEARCA: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 firm has a market cap of $26.92 billion, a P/E ratio of 10.99 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a 52-week low of $73.79 and a 52-week 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.