Clearwater Capital Advisors LLC Buys Shares of 15,259 Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Clearwater Capital Advisors LLC purchased a new position in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,259 shares of the company’s stock, valued at approximately $897,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC acquired a new stake in Avantis Emerging Markets Equity ETF during the 4th quarter worth approximately $66,000. FMR LLC increased its position in shares of Avantis Emerging Markets Equity ETF by 223.6% during the third quarter. FMR LLC now owns 2,016 shares of the company’s stock worth $130,000 after acquiring an additional 1,393 shares during the period. Private Trust Co. NA raised its stake in shares of Avantis Emerging Markets Equity ETF by 29.4% in the fourth quarter. Private Trust Co. NA now owns 2,265 shares of the company’s stock valued at $133,000 after acquiring an additional 515 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Avantis Emerging Markets Equity ETF in the third quarter valued at $144,000. Finally, Kestra Investment Management LLC purchased a new position in Avantis Emerging Markets Equity ETF in the fourth quarter valued at $159,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA AVEM opened at $61.48 on Monday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 12.48 and a beta of 0.79. The stock’s 50-day moving average is $59.82 and its two-hundred day moving average is $61.19. Avantis Emerging Markets Equity ETF has a 1-year low of $55.65 and a 1-year high of $66.31.

Avantis Emerging Markets Equity ETF 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.