Ridgeline Wealth LLC Has $710,000 Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Ridgeline Wealth LLC cut its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 11.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,711 shares of the company’s stock after selling 1,407 shares during the quarter. Avantis International Equity ETF accounts for about 0.6% of Ridgeline Wealth LLC’s portfolio, making the stock its 22nd largest holding. Ridgeline Wealth LLC’s holdings in Avantis International Equity ETF were worth $710,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp increased its position in Avantis International Equity ETF by 12.9% during the 4th quarter. Truist Financial Corp now owns 11,147 shares of the company’s stock worth $684,000 after purchasing an additional 1,273 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Avantis International Equity ETF by 8.1% during the fourth quarter. JPMorgan Chase & Co. now owns 104,368 shares of the company’s stock worth $6,405,000 after buying an additional 7,864 shares in the last quarter. Pacific Life Fund Advisors LLC lifted its stake in shares of Avantis International Equity ETF by 4.0% in the 4th quarter. Pacific Life Fund Advisors LLC now owns 675,155 shares of the company’s stock valued at $41,434,000 after acquiring an additional 26,144 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at $17,291,000. Finally, SC&H Financial Advisors Inc. grew its position in Avantis International Equity ETF by 5.2% during the 4th quarter. SC&H Financial Advisors Inc. now owns 338,357 shares of the company’s stock worth $20,765,000 after acquiring an additional 16,710 shares during the last quarter.

Avantis International Equity ETF Stock Up 0.2%

Shares of AVDE opened at $73.68 on Friday. The business has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $65.79. Avantis International Equity ETF has a 12-month low of $58.56 and a 12-month high of $73.87. The stock has a market cap of $7.15 billion, a PE ratio of 14.90 and a beta of 0.84.

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.