Clarity Wealth Development LLC Buys New Stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Clarity Wealth Development LLC bought a new stake in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,660 shares of the company’s stock, valued at approximately $927,000. Avantis Emerging Markets Equity ETF makes up approximately 1.0% of Clarity Wealth Development LLC’s holdings, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVEM. Natixis Advisors LLC lifted its stake in Avantis Emerging Markets Equity ETF by 12.6% in the 3rd quarter. Natixis Advisors LLC now owns 18,846 shares of the company’s stock valued at $1,217,000 after buying an additional 2,107 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at approximately $884,000. MB Generational Wealth LLC lifted its stake in Avantis Emerging Markets Equity ETF by 19.8% in the 3rd quarter. MB Generational Wealth LLC now owns 9,995 shares of the company’s stock valued at $646,000 after buying an additional 1,650 shares in the last quarter. Tidemark LLC lifted its stake in Avantis Emerging Markets Equity ETF by 53.5% in the 3rd quarter. Tidemark LLC now owns 77,372 shares of the company’s stock valued at $4,998,000 after buying an additional 26,983 shares in the last quarter. Finally, CAP Partners LLC lifted its stake in Avantis Emerging Markets Equity ETF by 5.3% in the 3rd quarter. CAP Partners LLC now owns 34,319 shares of the company’s stock valued at $2,217,000 after buying an additional 1,736 shares in the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Shares of AVEM opened at $62.39 on Tuesday. The stock has a fifty day moving average of $59.88 and a two-hundred day moving average of $61.20. The company has a market capitalization of $7.91 billion, a PE ratio of 12.48 and a beta of 0.79. Avantis Emerging Markets Equity ETF has a fifty-two week low of $55.65 and a fifty-two week high of $66.31.

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.