Modern Wealth Management LLC Makes New $375,000 Investment in Avantis International Equity ETF (NYSEARCA:AVDE)

Modern Wealth Management LLC acquired a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,797 shares of the company’s stock, valued at approximately $375,000.

Several other hedge funds and other institutional investors have also modified their holdings of AVDE. Blue Trust Inc. raised its holdings in Avantis International Equity ETF by 3.3% in the 4th quarter. Blue Trust Inc. now owns 4,930 shares of the company’s stock valued at $303,000 after acquiring an additional 156 shares in the last quarter. Visionary Horizons LLC increased its position in shares of Avantis International Equity ETF by 2.1% during the fourth quarter. Visionary Horizons LLC now owns 9,165 shares of the company’s stock valued at $562,000 after purchasing an additional 191 shares during the period. Ifrah Financial Services Inc. raised its stake in shares of Avantis International Equity ETF by 2.6% in the fourth quarter. Ifrah Financial Services Inc. now owns 8,094 shares of the company’s stock valued at $497,000 after purchasing an additional 205 shares in the last quarter. MN Wealth Advisors LLC lifted its position in Avantis International Equity ETF by 2.8% in the fourth quarter. MN Wealth Advisors LLC now owns 8,429 shares of the company’s stock worth $517,000 after purchasing an additional 230 shares during the period. Finally, Nova R Wealth Inc. boosted its stake in Avantis International Equity ETF by 1.3% during the fourth quarter. Nova R Wealth Inc. now owns 24,124 shares of the company’s stock worth $1,480,000 after buying an additional 318 shares in the last quarter.

Avantis International Equity ETF Stock Performance

Shares of AVDE stock opened at $67.43 on Friday. The firm has a fifty day moving average of $65.66 and a 200-day moving average of $64.55. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of 14.81 and a beta of 0.91. Avantis International Equity ETF has a 52-week low of $59.02 and a 52-week high of $68.81.

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.