Avantis International Equity ETF $AVDE Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 58.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,262 shares of the company’s stock after acquiring an additional 7,089 shares during the period. Merit Financial Group LLC’s holdings in Avantis International Equity ETF were worth $1,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AVDE. US Bancorp DE acquired a new position in shares of Avantis International Equity ETF during the third quarter worth approximately $47,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Avantis International Equity ETF during the fourth quarter worth approximately $48,000. Cullen Frost Bankers Inc. acquired a new position in shares of Avantis International Equity ETF during the third quarter worth approximately $64,000. Dogwood Wealth Management LLC boosted its position in shares of Avantis International Equity ETF by 746.4% during the third quarter. Dogwood Wealth Management LLC now owns 1,549 shares of the company’s stock worth $122,000 after buying an additional 1,366 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Avantis International Equity ETF by 10.6% during the third quarter. IFP Advisors Inc now owns 1,591 shares of the company’s stock worth $126,000 after buying an additional 152 shares during the period.

Avantis International Equity ETF Trading Up 0.4%

Shares of NYSEARCA AVDE opened at $89.22 on Thursday. The stock has a 50 day simple moving average of $87.72 and a 200-day simple moving average of $84.16. The company has a market cap of $15.44 billion, a PE ratio of 14.71 and a beta of 0.80. Avantis International Equity ETF has a 12-month low of $67.04 and a 12-month high of $92.60.

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.