Waterfront Wealth Inc. Has $5.99 Million Holdings in Avantis International Equity ETF $AVDE

Waterfront Wealth Inc. raised its holdings in Avantis International Equity ETF (NYSEARCA:AVDE) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,636 shares of the company’s stock after acquiring an additional 9,864 shares during the period. Avantis International Equity ETF comprises 1.1% of Waterfront Wealth Inc.’s holdings, making the stock its 18th biggest holding. Waterfront Wealth Inc.’s holdings in Avantis International Equity ETF were worth $5,993,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in Avantis International Equity ETF by 123.9% during the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock worth $5,352,000 after acquiring an additional 44,683 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Avantis International Equity ETF by 49.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock valued at $443,000 after purchasing an additional 2,206 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Avantis International Equity ETF by 22.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock valued at $352,000 after purchasing an additional 868 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Avantis International Equity ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock valued at $519,000 after purchasing an additional 166 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in Avantis International Equity ETF by 48.1% during the 2nd quarter. Quantinno Capital Management LP now owns 6,013 shares of the company’s stock worth $445,000 after purchasing an additional 1,954 shares in the last quarter.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $89.40 on Friday. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The firm has a 50 day simple moving average of $90.08 and a 200 day simple moving average of $88.01. Avantis International Equity ETF has a one year low of $72.79 and a one year high of $92.60.

Avantis International Equity ETF Profile

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.