Independence Bank of Kentucky Acquires New Shares in Avantis Emerging Markets Equity ETF $AVEM

Independence Bank of Kentucky acquired a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,745 shares of the company’s stock, valued at approximately $657,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC grew its stake in Avantis Emerging Markets Equity ETF by 0.9% in the second quarter. Savant Capital LLC now owns 17,904,707 shares of the company’s stock valued at $1,227,189,000 after acquiring an additional 157,957 shares during the period. Bank of America Corp DE raised its position in shares of Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock worth $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 16.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,514,256 shares of the company’s stock valued at $1,200,426,000 after purchasing an additional 2,483,487 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Avantis Emerging Markets Equity ETF by 28.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,062,191 shares of the company’s stock valued at $209,883,000 after purchasing an additional 670,844 shares during the period. Finally, Cerity Partners LLC increased its stake in Avantis Emerging Markets Equity ETF by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 2,615,107 shares of the company’s stock worth $179,714,000 after purchasing an additional 319,867 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM stock opened at $75.89 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $52.52 and a 52 week high of $78.76. The company’s 50 day moving average price is $76.63 and its two-hundred day moving average price is $72.93. The company has a market capitalization of $14.08 billion, a P/E ratio of 12.66 and a beta of 0.68.

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.