Echo Wealth Management LLC Boosts Stake in Avantis International Equity ETF $AVDE

Echo Wealth Management LLC boosted its holdings in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 262,526 shares of the company’s stock after acquiring an additional 31,080 shares during the period. Avantis International Equity ETF makes up approximately 12.6% of Echo Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Echo Wealth Management LLC owned 0.18% of Avantis International Equity ETF worth $21,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Avantis International Equity ETF by 4.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,102,049 shares of the company’s stock worth $429,545,000 after acquiring an additional 206,717 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Avantis International Equity ETF by 357.3% during the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after acquiring an additional 3,853,677 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Avantis International Equity ETF by 140.6% during the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock worth $321,020,000 after acquiring an additional 2,377,932 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Avantis International Equity ETF by 4.1% during the second quarter. Corient Private Wealth LLC now owns 4,047,221 shares of the company’s stock worth $299,535,000 after acquiring an additional 160,658 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Avantis International Equity ETF by 8.8% during the third quarter. American Century Companies Inc. now owns 3,671,927 shares of the company’s stock worth $289,715,000 after acquiring an additional 295,670 shares in the last quarter.

Avantis International Equity ETF Trading Up 3.7%

AVDE stock opened at $89.29 on Thursday. The business’s 50-day moving average price is $87.47 and its two-hundred day moving average price is $83.38. Avantis International Equity ETF has a 1-year low of $59.16 and a 1-year high of $92.60. The firm has a market cap of $15.19 billion, a PE ratio of 14.71 and a beta of 0.82.

About Avantis International Equity ETF

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.