Avantis Emerging Markets Equity ETF $AVEM Shares Purchased by Echo Wealth Management LLC

Echo Wealth Management LLC increased its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 32.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,959 shares of the company’s stock after purchasing an additional 32,771 shares during the quarter. Avantis Emerging Markets Equity ETF makes up about 6.3% of Echo Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. Echo Wealth Management LLC owned 0.05% of Avantis Emerging Markets Equity ETF worth $10,875,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AVEM. AQR Capital Management LLC grew its stake in shares of Avantis Emerging Markets Equity ETF by 13.2% in the first quarter. AQR Capital Management LLC now owns 22,204 shares of the company’s stock valued at $1,336,000 after buying an additional 2,596 shares in the last quarter. M&T Bank Corp bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter worth $287,000. Diversify Advisory Services LLC bought a new stake in Avantis Emerging Markets Equity ETF during the second quarter worth $478,000. Diversify Wealth Management LLC raised its position in Avantis Emerging Markets Equity ETF by 20.3% during the second quarter. Diversify Wealth Management LLC now owns 13,280 shares of the company’s stock worth $946,000 after acquiring an additional 2,244 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Avantis Emerging Markets Equity ETF by 74.1% in the second quarter. Quantinno Capital Management LP now owns 14,735 shares of the company’s stock valued at $1,010,000 after acquiring an additional 6,271 shares during the last quarter.

Avantis Emerging Markets Equity ETF Stock Performance

Avantis Emerging Markets Equity ETF stock opened at $94.40 on Friday. Avantis Emerging Markets Equity ETF has a 52 week low of $68.00 and a 52 week high of $100.83. The stock has a market capitalization of $24.62 billion, a P/E ratio of 12.66 and a beta of 0.73. The stock has a 50-day simple moving average of $93.86 and a 200 day simple moving average of $86.06.

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.