Bridgewater Advisors Inc. Lowers Stock Holdings in Avantis International Equity ETF (NYSEARCA:AVDE)

Bridgewater Advisors Inc. reduced its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 3.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 272,233 shares of the company’s stock after selling 8,538 shares during the quarter. Avantis International Equity ETF makes up 2.5% of Bridgewater Advisors Inc.’s holdings, making the stock its 11th biggest holding. Bridgewater Advisors Inc.’s holdings in Avantis International Equity ETF were worth $16,451,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of AVDE. Greenwich Wealth Management LLC boosted its holdings in Avantis International Equity ETF by 28.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 16,439 shares of the company’s stock valued at $993,000 after acquiring an additional 3,659 shares during the period. First National Bank Sioux Falls raised its holdings in Avantis International Equity ETF by 20.9% in the 4th quarter. First National Bank Sioux Falls now owns 149,040 shares of the company’s stock worth $9,006,000 after purchasing an additional 25,782 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Avantis International Equity ETF by 7.7% in the 3rd quarter. True Wealth Design LLC now owns 113,382 shares of the company’s stock worth $6,310,000 after purchasing an additional 8,117 shares during the period. Visionary Horizons LLC bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $499,000. Finally, Castle Wealth Management LLC increased its position in shares of Avantis International Equity ETF by 0.6% during the fourth quarter. Castle Wealth Management LLC now owns 101,354 shares of the company’s stock valued at $6,125,000 after buying an additional 648 shares during the period.

Avantis International Equity ETF Trading Down 1.4 %

Avantis International Equity ETF stock traded down $0.90 during trading hours on Tuesday, hitting $61.97. 332,936 shares of the stock traded hands, compared to its average volume of 241,043. The company has a market cap of $4.23 billion, a PE ratio of 11.62 and a beta of 0.94. The firm’s 50-day moving average price is $62.44 and its two-hundred day moving average price is $59.58. Avantis International Equity ETF has a one year low of $52.86 and a one year high of $64.17.

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.