Echo Wealth Management LLC Has $8.02 Million Stock Holdings in Avantis U.S. Equity ETF $AVUS

Echo Wealth Management LLC decreased its stake in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 10.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 72,143 shares of the company’s stock after selling 8,418 shares during the period. Avantis U.S. Equity ETF accounts for 4.6% of Echo Wealth Management LLC’s investment portfolio, making the stock its 6th largest position. Echo Wealth Management LLC owned about 0.07% of Avantis U.S. Equity ETF worth $8,021,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Align Financial LLC purchased a new position in shares of Avantis U.S. Equity ETF during the 4th quarter valued at $4,024,752,000. Maseco LLP purchased a new stake in shares of Avantis U.S. Equity ETF in the first quarter worth $259,864,000. Financial Plan Inc. purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter worth $149,298,000. Northwestern Mutual Wealth Management Co. boosted its stake in Avantis U.S. Equity ETF by 145.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,750,845 shares of the company’s stock valued at $195,709,000 after buying an additional 1,036,918 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Avantis U.S. Equity ETF by 181.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 1,134,255 shares of the company’s stock valued at $123,293,000 after buying an additional 730,960 shares during the period.

Avantis U.S. Equity ETF Trading Down 0.5%

Shares of AVUS opened at $126.09 on Friday. Avantis U.S. Equity ETF has a 12-month low of $99.73 and a 12-month high of $128.86. The company has a market cap of $12.60 billion, a PE ratio of 20.35 and a beta of 0.99. The stock has a 50-day moving average price of $124.81 and a 200-day moving average price of $117.85.

Avantis U.S. Equity ETF Company Profile

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.