Clarity Wealth Development LLC Invests $927,000 in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Clarity Wealth Development LLC acquired a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) in the fourth quarter, HoldingsChannel reports. The fund acquired 15,660 shares of the company’s stock, valued at approximately $927,000. Avantis Emerging Markets Equity ETF makes up about 1.0% of Clarity Wealth Development LLC’s investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Savant Capital LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF by 7.6% during the 4th quarter. Savant Capital LLC now owns 16,567,391 shares of the company’s stock worth $973,997,000 after buying an additional 1,172,561 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Avantis Emerging Markets Equity ETF by 7,223.2% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,894,202 shares of the company’s stock valued at $170,150,000 after purchasing an additional 2,854,681 shares in the last quarter. Cerity Partners LLC increased its holdings in Avantis Emerging Markets Equity ETF by 31.1% in the 3rd quarter. Cerity Partners LLC now owns 2,134,443 shares of the company’s stock valued at $137,885,000 after purchasing an additional 506,778 shares in the last quarter. HighTower Advisors LLC increased its holdings in Avantis Emerging Markets Equity ETF by 4.9% in the 4th quarter. HighTower Advisors LLC now owns 1,846,124 shares of the company’s stock valued at $108,534,000 after purchasing an additional 86,792 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Avantis Emerging Markets Equity ETF by 380.2% in the 3rd quarter. Jane Street Group LLC now owns 1,421,298 shares of the company’s stock valued at $91,816,000 after purchasing an additional 1,125,300 shares in the last quarter.

Avantis Emerging Markets Equity ETF Trading Up 1.5 %

Shares of NYSEARCA AVEM opened at $62.39 on Tuesday. Avantis Emerging Markets Equity ETF has a 12-month low of $55.65 and a 12-month high of $66.31. The company has a market cap of $7.91 billion, a P/E ratio of 12.48 and a beta of 0.79. The stock has a fifty day moving average price of $59.88 and a 200 day moving average price of $61.20.

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.