Avantis International Equity ETF $AVDE Stock: 55 North Private Wealth LLC Raises Stake

55 North Private Wealth LLC increased its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 7.5% during the third quarter, Holdings Channel.com reports. The fund owned 351,064 shares of the company’s stock after buying an additional 24,433 shares during the period. Avantis International Equity ETF makes up about 6.0% of 55 North Private Wealth LLC’s portfolio, making the stock its 4th biggest position. 55 North Private Wealth LLC’s holdings in Avantis International Equity ETF were worth $31,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVDE. Team Financial Group LLC boosted its holdings in Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock valued at $25,000 after acquiring an additional 190 shares during the last quarter. TD Waterhouse Canada Inc. acquired a new stake in Avantis International Equity ETF during the 3rd quarter valued at approximately $27,000. Angeles Wealth Management LLC raised its holdings in Avantis International Equity ETF by 470.6% during the 2nd quarter. Angeles Wealth Management LLC now owns 485 shares of the company’s stock worth $43,000 after purchasing an additional 400 shares during the last quarter. Abound Wealth Management bought a new position in Avantis International Equity ETF during the 2nd quarter worth approximately $44,000. Finally, Western Wealth Management LLC bought a new position in Avantis International Equity ETF during the 1st quarter worth approximately $42,000.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE traded up $0.47 during midday trading on Tuesday, reaching $89.97. The stock had a trading volume of 325,158 shares, compared to its average volume of 1,139,000. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 14.71 and a beta of 0.79. Avantis International Equity ETF has a twelve month low of $77.20 and a twelve month high of $94.82. The company’s 50 day moving average price is $92.20 and its 200 day moving average price is $90.73.

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.