Independence Bank of Kentucky Has $2.94 Million Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Independence Bank of Kentucky increased its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 335.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,102 shares of the company’s stock after buying an additional 29,357 shares during the period. Independence Bank of Kentucky’s holdings in Avantis Emerging Markets Equity ETF were worth $2,935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AVEM. Austin Private Wealth LLC lifted its position in Avantis Emerging Markets Equity ETF by 98.0% during the fourth quarter. Austin Private Wealth LLC now owns 300,787 shares of the company’s stock worth $23,167,000 after acquiring an additional 148,911 shares during the last quarter. Sylvest Advisors LLC grew its position in shares of Avantis Emerging Markets Equity ETF by 0.7% in the fourth quarter. Sylvest Advisors LLC now owns 96,260 shares of the company’s stock valued at $7,414,000 after purchasing an additional 626 shares during the last quarter. Alpha Financial Advisors LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $18,303,000. Chatterton & Associates Inc. bought a new position in shares of Avantis Emerging Markets Equity ETF during the fourth quarter worth approximately $1,686,000. Finally, Sovran Advisors LLC increased its stake in shares of Avantis Emerging Markets Equity ETF by 13.8% during the fourth quarter. Sovran Advisors LLC now owns 14,229 shares of the company’s stock worth $1,161,000 after purchasing an additional 1,730 shares during the period.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $80.67 on Friday. The stock has a 50 day simple moving average of $83.67 and a 200 day simple moving average of $79.40. The stock has a market cap of $20.22 billion, a P/E ratio of 12.66 and a beta of 0.68. Avantis Emerging Markets Equity ETF has a 1-year low of $52.52 and a 1-year high of $89.75.

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.