Echo Wealth Management LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM – Free Report) by 7.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,614 shares of the company’s stock after buying an additional 9,635 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 6.8% of Echo Wealth Management LLC’s portfolio, making the stock its 5th largest position. Echo Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $13,879,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Avantis Emerging Markets Equity ETF by 45.1% in the first quarter. Bank of America Corp DE now owns 28,676,652 shares of the company’s stock worth $2,310,765,000 after buying an additional 8,908,264 shares during the period. Align Financial LLC bought a new stake in shares of Avantis Emerging Markets Equity ETF in the 4th quarter valued at about $528,227,000. PNC Financial Services Group Inc. boosted its holdings in Avantis Emerging Markets Equity ETF by 6.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,329,760 shares of the company’s stock valued at $187,732,000 after acquiring an additional 131,390 shares during the period. Cetera Investment Advisers boosted its holdings in Avantis Emerging Markets Equity ETF by 13.3% during the 1st quarter. Cetera Investment Advisers now owns 1,868,208 shares of the company’s stock valued at $150,540,000 after acquiring an additional 219,618 shares during the period. Finally, Annex Advisory Services LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 1.0% during the 2nd quarter. Annex Advisory Services LLC now owns 1,548,921 shares of the company’s stock valued at $149,455,000 after acquiring an additional 15,884 shares during the period.
Avantis Emerging Markets Equity ETF Price Performance
AVEM opened at $90.40 on Friday. The stock’s 50 day simple moving average is $94.21 and its 200 day simple moving average is $92.56. Avantis Emerging Markets Equity ETF has a 1 year low of $73.79 and a 1 year high of $100.83. The firm has a market cap of $27.33 billion, a price-to-earnings ratio of 12.66 and a beta of 0.75.
Avantis Emerging Markets Equity ETF Company Profile
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.
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