Summit Portfolio Management LTD. Purchases New Stake in Avantis International Equity ETF $AVDE

Summit Portfolio Management LTD. acquired a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the first quarter, HoldingsChannel.com reports. The firm acquired 118,445 shares of the company’s stock, valued at approximately $10,049,000. Avantis International Equity ETF makes up approximately 6.5% of Summit Portfolio Management LTD.’s portfolio, making the stock its 6th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrity Investment Advisors LLC grew its holdings in Avantis International Equity ETF by 33.8% in the 1st quarter. Integrity Investment Advisors LLC now owns 81,429 shares of the company’s stock valued at $6,908,000 after buying an additional 20,577 shares in the last quarter. Frankly Finances LLC raised its holdings in shares of Avantis International Equity ETF by 10.5% during the 1st quarter. Frankly Finances LLC now owns 9,500 shares of the company’s stock worth $806,000 after acquiring an additional 900 shares during the period. Rockwood Wealth Management LLC raised its holdings in shares of Avantis International Equity ETF by 2.5% during the 1st quarter. Rockwood Wealth Management LLC now owns 3,008,115 shares of the company’s stock worth $255,208,000 after acquiring an additional 72,655 shares during the period. Advance Capital Management Inc. boosted its position in shares of Avantis International Equity ETF by 1,709.5% during the 1st quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after acquiring an additional 1,636,753 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its position in shares of Avantis International Equity ETF by 1.1% during the 1st quarter. Sage Rhino Capital LLC now owns 111,146 shares of the company’s stock valued at $9,430,000 after acquiring an additional 1,240 shares during the last quarter.

Avantis International Equity ETF Trading Down 0.7%

Shares of AVDE opened at $89.10 on Thursday. Avantis International Equity ETF has a 12-month low of $72.79 and a 12-month high of $92.60. The firm has a 50-day moving average price of $90.06 and a 200 day moving average price of $87.95. The firm has a market capitalization of $17.15 billion, a P/E ratio of 14.71 and a beta of 0.78.

Avantis International Equity ETF Company 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.