Merited Wealth LLC Raises Holdings in Avantis International Equity ETF $AVDE

Merited Wealth LLC raised its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 122.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,752 shares of the company’s stock after acquiring an additional 26,793 shares during the period. Avantis International Equity ETF makes up about 3.4% of Merited Wealth LLC’s investment portfolio, making the stock its 6th largest position. Merited Wealth LLC’s holdings in Avantis International Equity ETF were worth $4,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Hantz Financial Services Inc. bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth about $29,000. RHL Group LLC purchased a new stake in Avantis International Equity ETF during the fourth quarter worth $38,000. US Bancorp DE purchased a new stake in shares of Avantis International Equity ETF during the third quarter valued at about $47,000. Investment Research & Advisory Group Inc. bought a new position in shares of Avantis International Equity ETF during the 4th quarter worth approximately $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at $56,000.

Avantis International Equity ETF Price Performance

Shares of AVDE opened at $88.99 on Thursday. The company’s fifty day moving average price is $89.95 and its 200-day moving average price is $87.66. Avantis International Equity ETF has a 1-year low of $72.79 and a 1-year high of $92.60. The firm has a market capitalization of $17.01 billion, a PE ratio of 14.71 and a beta of 0.78.

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.