12,118 Shares in Avantis International Equity ETF (NYSEARCA:AVDE) Purchased by Ridgeline Wealth LLC

Ridgeline Wealth LLC acquired a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,118 shares of the company’s stock, valued at approximately $744,000. Avantis International Equity ETF comprises 0.6% of Ridgeline Wealth LLC’s portfolio, making the stock its 24th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in AVDE. Strategic Financial Concepts LLC lifted its holdings in shares of Avantis International Equity ETF by 7,831.7% during the second quarter. Strategic Financial Concepts LLC now owns 4,744,841 shares of the company’s stock worth $295,414,000 after purchasing an additional 4,685,020 shares during the period. Annex Advisory Services LLC raised its holdings in Avantis International Equity ETF by 29.0% during the third quarter. Annex Advisory Services LLC now owns 5,760,406 shares of the company’s stock worth $386,120,000 after purchasing an additional 1,295,471 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in Avantis International Equity ETF in the second quarter valued at about $27,515,000. Executive Wealth Management LLC purchased a new stake in Avantis International Equity ETF in the 3rd quarter valued at approximately $26,196,000. Finally, Simplicity Wealth LLC increased its position in Avantis International Equity ETF by 1,002.3% during the 3rd quarter. Simplicity Wealth LLC now owns 370,453 shares of the company’s stock worth $24,831,000 after purchasing an additional 336,845 shares during the period.

Avantis International Equity ETF Price Performance

Shares of AVDE stock traded up $0.54 during trading hours on Monday, reaching $62.09. 446,056 shares of the company’s stock were exchanged, compared to its average volume of 389,252. Avantis International Equity ETF has a 1 year low of $57.97 and a 1 year high of $67.83. The company has a market cap of $4.30 billion, a P/E ratio of 11.74 and a beta of 0.82. The company’s 50 day moving average is $63.17 and its two-hundred day moving average is $63.98.

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.