Modern Wealth Management LLC Has $7.86 Million Stock Position in Avantis International Equity ETF $AVDE

Modern Wealth Management LLC lifted its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 105.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,261 shares of the company’s stock after purchasing an additional 54,530 shares during the period. Modern Wealth Management LLC’s holdings in Avantis International Equity ETF were worth $7,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers raised its position in Avantis International Equity ETF by 18.7% during the first quarter. Cetera Investment Advisers now owns 3,888 shares of the company’s stock worth $258,000 after acquiring an additional 612 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Avantis International Equity ETF by 16.9% during the 1st quarter. Atria Wealth Solutions Inc. now owns 4,456 shares of the company’s stock valued at $295,000 after purchasing an additional 645 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Avantis International Equity ETF by 9.8% during the first quarter. EverSource Wealth Advisors LLC now owns 71,945 shares of the company’s stock worth $4,768,000 after purchasing an additional 6,399 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Avantis International Equity ETF by 16.0% in the first quarter. Cresset Asset Management LLC now owns 503,803 shares of the company’s stock valued at $33,387,000 after purchasing an additional 69,382 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Avantis International Equity ETF by 42.6% in the first quarter. Raymond James Financial Inc. now owns 401,775 shares of the company’s stock valued at $26,626,000 after purchasing an additional 120,031 shares during the period.

Avantis International Equity ETF Stock Performance

NYSEARCA AVDE opened at $82.13 on Friday. The stock has a market cap of $10.73 billion, a PE ratio of 14.71 and a beta of 0.84. The firm has a 50-day moving average of $79.79 and a 200-day moving average of $76.99. Avantis International Equity ETF has a 52-week low of $58.56 and a 52-week high of $82.71.

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.