Renaissance Technologies LLC Invests $2.20 Million in Avantis International Equity ETF $AVDE

Renaissance Technologies LLC bought a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 25,900 shares of the company’s stock, valued at approximately $2,197,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in Avantis International Equity ETF by 123.9% in the 1st quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock valued at $5,352,000 after buying an additional 44,683 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Avantis International Equity ETF by 49.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock worth $443,000 after acquiring an additional 2,206 shares during the period. Cetera Investment Advisers increased its position in shares of Avantis International Equity ETF by 22.3% during the second quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock worth $352,000 after acquiring an additional 868 shares during the period. Baird Financial Group Inc. raised its stake in shares of Avantis International Equity ETF by 2.4% during the second quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock valued at $519,000 after acquiring an additional 166 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Avantis International Equity ETF by 48.1% during the second quarter. Quantinno Capital Management LP now owns 6,013 shares of the company’s stock valued at $445,000 after acquiring an additional 1,954 shares in the last quarter.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE opened at $93.53 on Tuesday. Avantis International Equity ETF has a 52-week low of $75.39 and a 52-week high of $94.00. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The stock has a 50 day moving average price of $90.16 and a 200 day moving average price of $89.09.

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.