Independence Bank of Kentucky Raises Position in Avantis Emerging Markets Equity ETF $AVEM

Independence Bank of Kentucky increased its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 39.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,226 shares of the company’s stock after purchasing an additional 22,913 shares during the period. Avantis Emerging Markets Equity ETF makes up approximately 0.9% of Independence Bank of Kentucky’s portfolio, making the stock its 23rd largest position. Independence Bank of Kentucky’s holdings in Avantis Emerging Markets Equity ETF were worth $7,837,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth approximately $26,000. JFS Wealth Advisors LLC raised its stake in shares of Avantis Emerging Markets Equity ETF by 67.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 276 shares of the company’s stock worth $27,000 after buying an additional 111 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Avantis Emerging Markets Equity ETF in the 1st quarter valued at approximately $31,000. Rothschild Investment LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 192.7% in the 4th quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $36,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $94.26 on Wednesday. The business’s fifty day moving average price is $92.53 and its 200 day moving average price is $90.17. Avantis Emerging Markets Equity ETF has a 1-year low of $70.34 and a 1-year high of $100.83. The firm has a market capitalization of $26.83 billion, a PE ratio of 12.66 and a beta of 0.74.

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