Echo Wealth Management LLC Acquires 1,629 Shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM)

Echo Wealth Management LLC lifted its holdings in shares of Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,953 shares of the company’s stock after acquiring an additional 1,629 shares during the period. Avantis Emerging Markets Equity ETF makes up 3.7% of Echo Wealth Management LLC’s holdings, making the stock its 10th biggest holding. Echo Wealth Management LLC’s holdings in Avantis Emerging Markets Equity ETF were worth $5,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Iron Horse Wealth Management LLC bought a new stake in Avantis Emerging Markets Equity ETF during the 3rd quarter worth approximately $28,000. Northwest Investment Counselors LLC bought a new stake in Avantis Emerging Markets Equity ETF during the third quarter worth $37,000. City State Bank purchased a new stake in Avantis Emerging Markets Equity ETF in the 3rd quarter valued at $45,000. Brown Lisle Cummings Inc. bought a new position in Avantis Emerging Markets Equity ETF during the 3rd quarter valued at $82,000. Finally, Nemes Rush Group LLC boosted its holdings in Avantis Emerging Markets Equity ETF by 68.1% during the 2nd quarter. Nemes Rush Group LLC now owns 1,787 shares of the company’s stock worth $109,000 after acquiring an additional 724 shares during the last quarter.

Avantis Emerging Markets Equity ETF Price Performance

Shares of AVEM stock opened at $59.84 on Friday. Avantis Emerging Markets Equity ETF has a one year low of $54.33 and a one year high of $66.31. The company has a market cap of $5.36 billion, a P/E ratio of 9.91 and a beta of 0.88. The firm has a 50-day moving average of $60.04 and a 200-day moving average of $61.33.

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.