Avantis International Equity ETF $AVDE Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC raised its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 28.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 809,026 shares of the company’s stock after purchasing an additional 181,565 shares during the period. Avantis International Equity ETF comprises about 1.2% of Modern Wealth Management LLC’s investment portfolio, making the stock its 17th largest position. Modern Wealth Management LLC owned about 0.46% of Avantis International Equity ETF worth $69,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVDE. Team Financial Group LLC boosted its stake in shares of Avantis International Equity ETF by 184.5% during the 1st quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after purchasing an additional 190 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Avantis International Equity ETF in the fourth quarter valued at approximately $29,000. RHL Group LLC acquired a new position in shares of Avantis International Equity ETF in the fourth quarter valued at approximately $38,000. US Bancorp DE purchased a new position in shares of Avantis International Equity ETF during the third quarter valued at approximately $47,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Avantis International Equity ETF during the fourth quarter valued at approximately $48,000.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE opened at $89.40 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 price is $89.95 and its 200 day moving average price is $88.51. The firm has a market cap of $17.67 billion, a P/E ratio of 14.71 and a beta of 0.78.

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.