United Community Bank Invests $1.07 Million in Avantis Emerging Markets Equity ETF $AVEM

United Community Bank acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,127 shares of the company’s stock, valued at approximately $1,074,000.

Other institutional investors have also recently bought and sold shares of the company. Winch Advisory Services LLC acquired a new position in Avantis Emerging Markets Equity ETF in the 1st quarter worth about $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 purchasing an additional 111 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Avantis Emerging Markets Equity ETF during the 1st quarter valued at about $31,000. Rothschild Investment LLC grew its stake 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 in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at approximately $36,000.

Avantis Emerging Markets Equity ETF Stock Performance

NYSEARCA:AVEM opened at $95.36 on Friday. The stock’s 50 day moving average price is $92.52 and its 200 day moving average price is $90.30. Avantis Emerging Markets Equity ETF has a 52 week low of $70.69 and a 52 week high of $100.83. The company has a market capitalization of $27.14 billion, a P/E ratio of 12.66 and a beta of 0.75.

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.