Echo Wealth Management LLC Has $10.88 Million Stock Position in Avantis Emerging Markets Equity ETF $AVEM

Echo Wealth Management LLC boosted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 32.1% in the 1st quarter, Holdings Channel reports. The firm owned 134,959 shares of the company’s stock after buying an additional 32,771 shares during the period. Avantis Emerging Markets Equity ETF accounts for about 6.3% of Echo Wealth Management LLC’s holdings, making the stock its 5th largest position. Echo Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $10,875,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rothschild Investment LLC boosted its stake in Avantis Emerging Markets Equity ETF by 192.7% in the fourth quarter. Rothschild Investment LLC now owns 439 shares of the company’s stock valued at $34,000 after buying an additional 289 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Avantis Emerging Markets Equity ETF during the fourth quarter worth about $36,000. Hantz Financial Services Inc. raised its stake in Avantis Emerging Markets Equity ETF by 49.5% during the fourth quarter. Hantz Financial Services Inc. now owns 553 shares of the company’s stock worth $43,000 after acquiring an additional 183 shares in the last quarter. Team Financial Group LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after acquiring an additional 361 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new position in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth about $47,000.

Avantis Emerging Markets Equity ETF Trading Down 1.3%

AVEM opened at $94.40 on Friday. The company’s 50 day moving average is $93.86 and its 200-day moving average is $86.06. Avantis Emerging Markets Equity ETF has a 1-year low of $68.00 and a 1-year high of $100.83. The company has a market cap of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73.

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. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.