Echo Wealth Management LLC Has $25.13 Million Stake in Avantis International Equity ETF $AVDE

Echo Wealth Management LLC increased its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 296,220 shares of the company’s stock after acquiring an additional 33,694 shares during the quarter. Avantis International Equity ETF comprises about 14.5% of Echo Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position. Echo Wealth Management LLC’s holdings in Avantis International Equity ETF were worth $25,131,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Avantis International Equity ETF by 123.9% in the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock worth $5,352,000 after purchasing an additional 44,683 shares during the period. Integrated Wealth Concepts LLC lifted its position in Avantis International Equity ETF by 49.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock valued at $443,000 after purchasing an additional 2,206 shares during the period. Cetera Investment Advisers lifted its position in Avantis International Equity ETF by 22.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock valued at $352,000 after purchasing an additional 868 shares during the period. Baird Financial Group Inc. lifted its position in Avantis International Equity ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock valued at $519,000 after purchasing an additional 166 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of Avantis International Equity ETF by 48.1% in the 2nd quarter. Quantinno Capital Management LP now owns 6,013 shares of the company’s stock valued at $445,000 after purchasing an additional 1,954 shares during the last quarter.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $88.61 on Friday. Avantis International Equity ETF has a one year low of $72.79 and a one year high of $92.60. The company has a 50 day moving average of $90.04 and a 200-day moving average of $87.46. The stock has a market cap of $15.56 billion, a price-to-earnings ratio of 14.71 and a beta of 0.77.

Avantis International Equity ETF 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.