Waterfront Wealth Inc. Purchases 9,864 Shares of Avantis International Equity ETF $AVDE

Waterfront Wealth Inc. boosted its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 16.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,636 shares of the company’s stock after buying an additional 9,864 shares during the period. Avantis International Equity ETF makes up approximately 1.1% of Waterfront Wealth Inc.’s investment portfolio, making the stock its 18th largest position. Waterfront Wealth Inc.’s holdings in Avantis International Equity ETF were worth $5,993,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AVDE. Mason & Associates Inc raised its position in shares of Avantis International Equity ETF by 3.2% in the 1st quarter. Mason & Associates Inc now owns 271,188 shares of the company’s stock valued at $22,300,000 after buying an additional 8,473 shares in the last quarter. ATX Financial Planning LLC bought a new stake in shares of Avantis International Equity ETF during the 1st quarter worth approximately $1,243,000. Pearl Planning LLC boosted its position in shares of Avantis International Equity ETF by 11.3% during the 1st quarter. Pearl Planning LLC now owns 231,116 shares of the company’s stock worth $19,608,000 after acquiring an additional 23,457 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Avantis International Equity ETF by 18.3% during the 1st quarter. Kestra Advisory Services LLC now owns 595,083 shares of the company’s stock worth $50,487,000 after acquiring an additional 91,869 shares in the last quarter. Finally, Summit Portfolio Management LTD. bought a new position in Avantis International Equity ETF in the first quarter valued at approximately $10,049,000.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $89.40 on Friday. Avantis International Equity ETF has a 1 year low of $72.79 and a 1 year high of $92.60. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The company’s 50 day simple moving average is $90.08 and its 200 day simple moving average is $88.01.

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.