Echo Wealth Management LLC Has $11.08 Million Stock Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Echo Wealth Management LLC lifted its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,537 shares of the company’s stock after purchasing an additional 15,863 shares during the quarter. Avantis International Equity ETF comprises about 7.7% of Echo Wealth Management LLC’s investment portfolio, making the stock its 2nd largest holding. Echo Wealth Management LLC owned 0.26% of Avantis International Equity ETF worth $11,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Anderson Hoagland & Co. raised its position in shares of Avantis International Equity ETF by 6.0% during the 4th quarter. Anderson Hoagland & Co. now owns 58,566 shares of the company’s stock worth $3,640,000 after buying an additional 3,331 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Avantis International Equity ETF by 3.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 35,179 shares of the company’s stock valued at $2,159,000 after acquiring an additional 1,022 shares during the period. Fifth Third Bancorp raised its holdings in Avantis International Equity ETF by 34.7% during the fourth quarter. Fifth Third Bancorp now owns 416,970 shares of the company’s stock worth $25,589,000 after purchasing an additional 107,305 shares in the last quarter. Gradient Investments LLC acquired a new stake in Avantis International Equity ETF in the fourth quarter worth approximately $42,426,000. Finally, Cornerstone Wealth Management LLC boosted its stake in Avantis International Equity ETF by 141.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 85,966 shares of the company’s stock valued at $5,276,000 after purchasing an additional 50,349 shares in the last quarter.

Avantis International Equity ETF Stock Performance

AVDE opened at $63.82 on Friday. The company has a market capitalization of $4.42 billion, a PE ratio of 11.74 and a beta of 0.82. The stock’s fifty day moving average is $62.64 and its 200-day moving average is $63.89. Avantis International Equity ETF has a one year low of $58.59 and a one year high of $67.83.

Avantis International Equity ETF Company 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.