Echo Wealth Management LLC Purchases 33,694 Shares of Avantis International Equity ETF $AVDE

Echo Wealth Management LLC grew 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 and Exchange Commission. The fund owned 296,220 shares of the company’s stock after buying an additional 33,694 shares during the quarter. Avantis International Equity ETF makes up about 14.5% of Echo Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position. Echo Wealth Management LLC owned 0.17% of Avantis International Equity ETF worth $25,131,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in Avantis International Equity ETF by 19.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after buying an additional 30,539 shares in the last quarter. Elyxium Wealth LLC bought a new stake in Avantis International Equity ETF during the 4th quarter worth about $7,587,000. Certified Advisory Corp increased its position in Avantis International Equity ETF by 27.1% in the 3rd quarter. Certified Advisory Corp now owns 35,052 shares of the company’s stock valued at $2,766,000 after acquiring an additional 7,471 shares in the last quarter. Apella Capital LLC increased its position in Avantis International Equity ETF by 7.9% in the 4th quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock valued at $56,155,000 after acquiring an additional 49,699 shares in the last quarter. Finally, MAI Capital Management bought a new position in shares of Avantis International Equity ETF in the third quarter worth about $3,153,000.

Avantis International Equity ETF Trading Down 0.6%

Shares of AVDE stock opened at $88.61 on Friday. Avantis International Equity ETF has a 1 year low of $72.79 and a 1 year high of $92.60. The firm’s 50 day moving average is $90.04 and its 200-day moving average is $87.46. The firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 14.71 and a beta of 0.77.

About Avantis International Equity ETF

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.