Avantis Emerging Markets Equity ETF $AVEM Shares Bought by Independence Bank of Kentucky

Independence Bank of Kentucky boosted its position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 53.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,313 shares of the company’s stock after buying an additional 20,211 shares during the period. Independence Bank of Kentucky’s holdings in Avantis Emerging Markets Equity ETF were worth $4,699,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF in the first quarter valued at approximately $26,000. Rothschild Investment LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 192.7% during the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock worth $34,000 after purchasing an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $36,000. Team Financial Group LLC raised its stake in Avantis Emerging Markets Equity ETF by 184.2% in the 4th quarter. Team Financial Group LLC now owns 557 shares of the company’s stock valued at $43,000 after purchasing an additional 361 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in Avantis Emerging Markets Equity ETF by 49.5% in the 4th quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock valued at $43,000 after purchasing an additional 183 shares during the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 0.2%

AVEM stock traded up $0.17 during midday trading on Friday, reaching $94.14. The stock had a trading volume of 2,671,141 shares, compared to its average volume of 2,012,466. Avantis Emerging Markets Equity ETF has a 52-week low of $68.27 and a 52-week high of $100.83. The company’s fifty day simple moving average is $94.85 and its 200 day simple moving average is $87.30. The company has a market cap of $25.83 billion, a price-to-earnings ratio of 12.66 and a beta of 0.73.

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