Summit Portfolio Management LTD. Buys Shares of 118,445 Avantis International Equity ETF $AVDE

Summit Portfolio Management LTD. bought a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 118,445 shares of the company’s stock, valued at approximately $10,049,000. Avantis International Equity ETF makes up 6.5% of Summit Portfolio Management LTD.’s portfolio, making the stock its 6th biggest holding. Summit Portfolio Management LTD. owned about 0.07% of Avantis International Equity ETF as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in Avantis International Equity ETF in the 4th quarter valued at $29,000. RHL Group LLC acquired a new stake in Avantis International Equity ETF during the 4th quarter worth $38,000. US Bancorp DE purchased a new stake in shares of Avantis International Equity ETF during the third quarter worth $47,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth $56,000.

Avantis International Equity ETF Stock Down 0.7%

Shares of NYSEARCA AVDE opened at $89.10 on Thursday. The firm has a 50-day simple moving average of $90.06 and a 200-day simple moving average of $87.95. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a 52 week low of $72.79 and a 52 week high of $92.60.

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.