Echo Wealth Management LLC Raises Position in Avantis Emerging Markets Equity ETF $AVEM

Echo Wealth Management LLC boosted its stake in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 31.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,188 shares of the company’s stock after purchasing an additional 24,256 shares during the period. Avantis Emerging Markets Equity ETF comprises 4.6% of Echo Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Echo Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $7,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVEM. Bank of America Corp DE lifted its position in Avantis Emerging Markets Equity ETF by 1,271.2% during the second quarter. Bank of America Corp DE now owns 17,544,658 shares of the company’s stock valued at $1,202,511,000 after purchasing an additional 16,265,184 shares during the period. Vantagepoint Investment Advisers LLC bought a new position in Avantis Emerging Markets Equity ETF during the third quarter valued at approximately $170,265,000. JPMorgan Chase & Co. lifted its position in Avantis Emerging Markets Equity ETF by 350.8% during the third quarter. JPMorgan Chase & Co. now owns 1,404,304 shares of the company’s stock valued at $105,477,000 after purchasing an additional 1,092,814 shares during the period. BOKF NA lifted its position in Avantis Emerging Markets Equity ETF by 9,498.3% during the third quarter. BOKF NA now owns 861,253 shares of the company’s stock valued at $64,689,000 after purchasing an additional 852,280 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Avantis Emerging Markets Equity ETF by 47.1% during the third quarter. Ameriprise Financial Inc. now owns 2,263,134 shares of the company’s stock valued at $169,989,000 after purchasing an additional 724,811 shares during the period.

Avantis Emerging Markets Equity ETF Stock Up 5.1%

Shares of Avantis Emerging Markets Equity ETF stock opened at $85.69 on Thursday. Avantis Emerging Markets Equity ETF has a twelve month low of $52.65 and a twelve month high of $89.75. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 12.66 and a beta of 0.68. The company’s 50 day moving average is $83.59 and its 200 day moving average is $79.56.

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.