Avantis International Equity ETF (NYSEARCA:AVDE) Shares Acquired by Echo Wealth Management LLC

Echo Wealth Management LLC boosted its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 1.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 182,601 shares of the company’s stock after acquiring an additional 2,064 shares during the quarter. Avantis International Equity ETF comprises about 8.2% of Echo Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Echo Wealth Management LLC’s holdings in Avantis International Equity ETF were worth $12,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new position in Avantis International Equity ETF during the fourth quarter valued at $31,000. Nemes Rush Group LLC acquired a new position in Avantis International Equity ETF during the fourth quarter valued at $38,000. Tucker Asset Management LLC acquired a new position in Avantis International Equity ETF during the fourth quarter valued at $59,000. Your Advocates Ltd. LLP acquired a new position in shares of Avantis International Equity ETF in the 4th quarter valued at about $63,000. Finally, Park Square Financial Group LLC acquired a new position in shares of Avantis International Equity ETF in the 4th quarter valued at about $77,000.

Avantis International Equity ETF Trading Down 0.7%

NYSEARCA AVDE opened at $72.65 on Friday. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 14.90 and a beta of 0.84. The stock has a 50-day moving average of $70.80 and a 200 day moving average of $66.48. Avantis International Equity ETF has a twelve month low of $58.56 and a twelve month high of $74.53.

Avantis International Equity ETF Profile

The Avantis International Equity ETF (AVDE) is an exchange-traded fund that is based on the MSCI WORLD EX USA IMI INDEX index. The fund is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations, focusing on smaller, value companies. AVDE was launched on Sep 24, 2019 and is managed by American Century Investments.