Modern Wealth Management LLC Grows Stock Position in Avantis International Equity ETF $AVDE

Modern Wealth Management LLC boosted its holdings in Avantis International Equity ETF (NYSEARCA:AVDE) by 28.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 809,026 shares of the company’s stock after buying an additional 181,565 shares during the period. Avantis International Equity ETF accounts for approximately 1.2% of Modern Wealth Management LLC’s holdings, making the stock its 17th largest holding. Modern Wealth Management LLC’s holdings in Avantis International Equity ETF were worth $69,698,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearwater Capital Advisors LLC increased its stake in shares of Avantis International Equity ETF by 0.6% during the 4th quarter. Clearwater Capital Advisors LLC now owns 22,552 shares of the company’s stock valued at $1,856,000 after acquiring an additional 132 shares during the last quarter. New Dimensions Wealth Management LLC lifted its holdings in shares of Avantis International Equity ETF by 2.8% during the 4th quarter. New Dimensions Wealth Management LLC now owns 5,547 shares of the company’s stock worth $457,000 after acquiring an additional 151 shares during the period. IFP Advisors Inc boosted its position in shares of Avantis International Equity ETF by 10.6% in the third quarter. IFP Advisors Inc now owns 1,591 shares of the company’s stock worth $126,000 after acquiring an additional 152 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Avantis International Equity ETF by 2.4% in the second quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock worth $519,000 after acquiring an additional 166 shares during the last quarter. Finally, Team Financial Group LLC grew its holdings in Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock valued at $25,000 after purchasing an additional 190 shares during the period.

Avantis International Equity ETF Stock Performance

Shares of AVDE stock opened at $89.40 on Friday. Avantis International Equity ETF has a one year low of $72.79 and a one year high of $92.60. The company has a 50 day moving average price of $89.95 and a 200 day moving average price of $88.51. The firm has a market capitalization of $17.67 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

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.