Waterfront Wealth Inc. Lowers Stake in Avantis International Equity ETF (NYSEARCA:AVDE)

Waterfront Wealth Inc. cut its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,983 shares of the company’s stock after selling 1,058 shares during the quarter. Waterfront Wealth Inc. owned approximately 0.08% of Avantis International Equity ETF worth $2,477,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AVDE. Jane Street Group LLC grew its holdings in shares of Avantis International Equity ETF by 245.2% during the fourth quarter. Jane Street Group LLC now owns 1,432,977 shares of the company’s stock worth $76,220,000 after buying an additional 1,017,803 shares in the last quarter. CI Private Wealth LLC purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth about $21,120,000. Citadel Advisors LLC grew its holdings in shares of Avantis International Equity ETF by 1,517.2% during the second quarter. Citadel Advisors LLC now owns 283,012 shares of the company’s stock worth $16,245,000 after buying an additional 265,512 shares in the last quarter. Krilogy Financial LLC grew its holdings in shares of Avantis International Equity ETF by 377.2% during the fourth quarter. Krilogy Financial LLC now owns 287,183 shares of the company’s stock worth $17,354,000 after buying an additional 227,003 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in shares of Avantis International Equity ETF by 178.5% during the second quarter. First Republic Investment Management Inc. now owns 346,864 shares of the company’s stock worth $17,676,000 after buying an additional 222,326 shares in the last quarter.

Avantis International Equity ETF Trading Up 0.2 %

Shares of NYSEARCA AVDE traded up $0.12 during midday trading on Wednesday, reaching $61.29. 229,662 shares of the stock were exchanged, compared to its average volume of 247,567. The stock has a 50 day moving average price of $62.08 and a 200-day moving average price of $59.15. Avantis International Equity ETF has a 52-week low of $52.86 and a 52-week high of $64.17. The company has a market capitalization of $4.19 billion, a P/E ratio of 11.62 and a beta of 0.94.

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.