Waterfront Wealth Inc. Raises Stock Holdings in Avantis International Equity ETF $AVDE

Waterfront Wealth Inc. increased its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,847 shares of the company’s stock after acquiring an additional 1,009 shares during the period. Avantis International Equity ETF makes up about 0.9% of Waterfront Wealth Inc.’s portfolio, making the stock its 28th biggest holding. Waterfront Wealth Inc.’s holdings in Avantis International Equity ETF were worth $3,837,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aire Advisors LLC raised its stake in Avantis International Equity ETF by 0.4% in the 2nd quarter. Aire Advisors LLC now owns 37,579 shares of the company’s stock worth $2,781,000 after acquiring an additional 143 shares during the last quarter. Advyzon Investment Management LLC raised its stake in Avantis International Equity ETF by 1.1% in the 1st quarter. Advyzon Investment Management LLC now owns 12,687 shares of the company’s stock worth $841,000 after acquiring an additional 144 shares during the last quarter. USAdvisors Wealth Management LLC raised its stake in Avantis International Equity ETF by 1.1% in the 2nd quarter. USAdvisors Wealth Management LLC now owns 15,390 shares of the company’s stock worth $1,139,000 after acquiring an additional 166 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its stake in Avantis International Equity ETF by 0.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 56,304 shares of the company’s stock worth $4,167,000 after acquiring an additional 170 shares during the last quarter. Finally, Magnus Financial Group LLC raised its stake in Avantis International Equity ETF by 1.3% in the 2nd quarter. Magnus Financial Group LLC now owns 15,561 shares of the company’s stock worth $1,152,000 after acquiring an additional 207 shares during the last quarter.

Avantis International Equity ETF Stock Performance

NYSEARCA AVDE opened at $80.27 on Wednesday. The stock has a 50-day simple moving average of $78.41 and a two-hundred day simple moving average of $74.51. The firm has a market capitalization of $10.33 billion, a P/E ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a fifty-two week low of $58.56 and a fifty-two week high of $80.44.

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.