NewEdge Advisors LLC Raises Position in Avantis International Equity ETF $AVDE

NewEdge Advisors LLC boosted its holdings in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 22.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,225 shares of the company’s stock after buying an additional 38,851 shares during the period. NewEdge Advisors LLC owned approximately 0.12% of Avantis International Equity ETF worth $17,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AVDE. Team Financial Group LLC increased its stake in Avantis International Equity ETF by 184.5% in the 1st quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after acquiring an additional 190 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $29,000. RHL Group LLC bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $38,000. Western Wealth Management LLC purchased a new position in shares of Avantis International Equity ETF during the first quarter worth about $42,000. Finally, US Bancorp DE purchased a new position in shares of Avantis International Equity ETF during the third quarter worth about $47,000.

Avantis International Equity ETF Trading Up 1.1%

AVDE stock opened at $93.95 on Friday. The company’s 50 day moving average is $90.11 and its 200 day moving average is $89.00. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a 1-year low of $75.39 and a 1-year high of $94.01.

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.