Echo Wealth Management LLC Cuts Holdings in Avantis U.S. Equity ETF $AVUS

Echo Wealth Management LLC trimmed its stake in Avantis U.S. Equity ETF (NYSEARCA:AVUS) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,143 shares of the company’s stock after selling 8,418 shares during the period. Avantis U.S. Equity ETF accounts for about 4.6% of Echo Wealth Management LLC’s investment portfolio, making the stock its 6th biggest holding. Echo Wealth Management LLC’s holdings in Avantis U.S. Equity ETF were worth $8,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of Avantis U.S. Equity ETF in the fourth quarter worth $29,000. Brown Brothers Harriman & Co. purchased a new stake in Avantis U.S. Equity ETF in the fourth quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in Avantis U.S. Equity ETF by 138.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after purchasing an additional 208 shares during the period. Monetary Solutions Ltd bought a new stake in Avantis U.S. Equity ETF in the 4th quarter worth approximately $39,000. Finally, Federation des caisses Desjardins du Quebec purchased a new stake in Avantis U.S. Equity ETF during the 4th quarter valued at $39,000.

Avantis U.S. Equity ETF Trading Down 0.5%

Shares of AVUS opened at $126.09 on Friday. The firm has a fifty day simple moving average of $124.81 and a two-hundred day simple moving average of $117.85. The firm has a market cap of $12.60 billion, a PE ratio of 20.35 and a beta of 0.99. Avantis U.S. Equity ETF has a 1-year low of $99.73 and a 1-year high of $128.86.

About Avantis U.S. Equity ETF

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.