Total Clarity Wealth Management Inc. Has $1.58 Million Position in Avantis Emerging Markets Equity ETF $AVEM

Total Clarity Wealth Management Inc. grew its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 79.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 19,600 shares of the company’s stock after purchasing an additional 8,655 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Avantis Emerging Markets Equity ETF were worth $1,579,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVEM. Bank of America Corp DE raised its holdings in Avantis Emerging Markets Equity ETF by 4.9% during the third quarter. Bank of America Corp DE now owns 18,412,368 shares of the company’s stock worth $1,382,953,000 after acquiring an additional 867,710 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Avantis Emerging Markets Equity ETF by 4.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,627,411 shares of the company’s stock valued at $741,503,000 after purchasing an additional 418,018 shares in the last quarter. Align Financial LLC bought a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at approximately $528,227,000. Wells Fargo & Company MN increased its position in shares of Avantis Emerging Markets Equity ETF by 17.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,675,729 shares of the company’s stock worth $437,145,000 after purchasing an additional 837,069 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of Avantis Emerging Markets Equity ETF by 12.6% during the 4th quarter. Morgan Stanley now owns 5,659,671 shares of the company’s stock worth $435,908,000 after purchasing an additional 631,367 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Up 0.5%

Shares of Avantis Emerging Markets Equity ETF stock opened at $100.18 on Tuesday. The stock has a market cap of $26.13 billion, a P/E ratio of 12.66 and a beta of 0.73. Avantis Emerging Markets Equity ETF has a 12-month low of $66.19 and a 12-month high of $100.83. The business’s 50 day moving average is $93.24 and its 200-day moving average is $85.62.

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.