Core Wealth Advisors LLC Invests $6.57 Million in Avantis International Equity ETF $AVDE

Core Wealth Advisors LLC acquired a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 79,860 shares of the company’s stock, valued at approximately $6,574,000. Avantis International Equity ETF makes up approximately 4.0% of Core Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds have also modified their holdings of AVDE. Ameriprise Financial Inc. increased its stake in shares of Avantis International Equity ETF by 357.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after purchasing an additional 3,853,677 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Avantis International Equity ETF by 140.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock worth $321,020,000 after purchasing an additional 2,377,932 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Avantis International Equity ETF by 345.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock worth $208,276,000 after purchasing an additional 2,046,558 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Avantis International Equity ETF by 134.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock worth $213,301,000 after purchasing an additional 1,552,177 shares in the last quarter. Finally, Mission Wealth Management LP purchased a new position in shares of Avantis International Equity ETF during the 4th quarter worth approximately $119,794,000.

Avantis International Equity ETF Price Performance

Shares of AVDE opened at $91.65 on Friday. The firm has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $86.08. Avantis International Equity ETF has a 1-year low of $72.08 and a 1-year high of $92.60. The stock has a market cap of $16.09 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

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.