Avantis Emerging Markets Equity ETF $AVEM Stock Acquired by Echo Wealth Management LLC

Echo Wealth Management LLC boosted its position in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 7.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 147,614 shares of the company’s stock after acquiring an additional 9,635 shares during the period. Avantis Emerging Markets Equity ETF accounts for 6.8% of Echo Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Echo Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $13,879,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. grew its stake in Avantis Emerging Markets Equity ETF by 135.1% in the second quarter. Baird Financial Group Inc. now owns 146,030 shares of the company’s stock worth $14,090,000 after purchasing an additional 83,919 shares during the period. Telos Capital Management Inc. raised its holdings in Avantis Emerging Markets Equity ETF by 8.9% in the first quarter. Telos Capital Management Inc. now owns 80,940 shares of the company’s stock worth $6,522,000 after purchasing an additional 6,605 shares in the last quarter. Cornerstone Wealth Group LLC purchased a new position in Avantis Emerging Markets Equity ETF during the first quarter valued at $9,334,000. Independence Bank of Kentucky lifted its position in Avantis Emerging Markets Equity ETF by 39.3% during the second quarter. Independence Bank of Kentucky now owns 81,226 shares of the company’s stock valued at $7,837,000 after buying an additional 22,913 shares during the period. Finally, World Investment Advisors lifted its position in Avantis Emerging Markets Equity ETF by 31.1% during the fourth quarter. World Investment Advisors now owns 34,136 shares of the company’s stock valued at $2,629,000 after buying an additional 8,094 shares during the period.

Avantis Emerging Markets Equity ETF Trading Down 0.7%

Shares of AVEM stock opened at $90.40 on Friday. Avantis Emerging Markets Equity ETF has a 12 month low of $73.79 and a 12 month high of $100.83. The stock has a market cap of $27.33 billion, a PE ratio of 12.66 and a beta of 0.75. The company’s fifty day moving average price is $94.21 and its 200-day moving average price is $92.56.

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.