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

Independence Bank of Kentucky increased its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 39.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 81,226 shares of the company’s stock after purchasing an additional 22,913 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 0.9% of Independence Bank of Kentucky’s holdings, making the stock its 23rd biggest holding. Independence Bank of Kentucky’s holdings in Avantis Emerging Markets Equity ETF were worth $7,837,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Avantis Emerging Markets Equity ETF by 1,271.2% in the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after buying an additional 16,265,184 shares during the last quarter. Align Financial LLC purchased a new stake in Avantis Emerging Markets Equity ETF in the 4th quarter valued at $528,227,000. Kestra Investment Management LLC boosted its stake in Avantis Emerging Markets Equity ETF by 3,618.9% during the 4th quarter. Kestra Investment Management LLC now owns 1,475,543 shares of the company’s stock worth $113,646,000 after purchasing an additional 1,435,866 shares during the period. Maseco LLP purchased a new position in Avantis Emerging Markets Equity ETF during the 1st quarter worth $93,504,000. Finally, LPL Financial LLC increased its stake in Avantis Emerging Markets Equity ETF by 39.6% in the fourth quarter. LPL Financial LLC now owns 3,740,586 shares of the company’s stock valued at $288,100,000 after purchasing an additional 1,061,034 shares during the period.

Avantis Emerging Markets Equity ETF Stock Down 0.2%

NYSEARCA AVEM opened at $94.26 on Wednesday. The firm has a market cap of $26.83 billion, a P/E ratio of 12.66 and a beta of 0.74. Avantis Emerging Markets Equity ETF has a 52-week low of $70.34 and a 52-week high of $100.83. The business’s 50-day moving average price is $92.53 and its 200 day moving average price is $90.17.

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.