Simplicity Wealth LLC Grows Position in Avantis International Equity ETF $AVDE

Simplicity Wealth LLC increased its holdings in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 5.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 647,822 shares of the company’s stock after purchasing an additional 31,737 shares during the quarter. Avantis International Equity ETF makes up about 3.1% of Simplicity Wealth LLC’s investment portfolio, making the stock its 3rd biggest holding. Simplicity Wealth LLC owned 0.37% of Avantis International Equity ETF worth $54,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Avantis International Equity ETF by 123.9% in the 1st quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock valued at $5,352,000 after buying an additional 44,683 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Avantis International Equity ETF by 49.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock valued at $443,000 after buying an additional 2,206 shares during the period. Cetera Investment Advisers lifted its position in shares of Avantis International Equity ETF by 22.3% in the second quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock valued at $352,000 after buying an additional 868 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Avantis International Equity ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock worth $519,000 after acquiring an additional 166 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Avantis International Equity ETF by 48.1% in the 2nd quarter. Quantinno Capital Management LP now owns 6,013 shares of the company’s stock valued at $445,000 after acquiring an additional 1,954 shares during the period.

Avantis International Equity ETF Stock Up 0.7%

Shares of NYSEARCA AVDE traded up $0.64 during mid-day trading on Friday, reaching $90.04. 1,448,323 shares of the company were exchanged, compared to its average volume of 1,186,635. Avantis International Equity ETF has a twelve month low of $72.79 and a twelve month high of $92.60. The stock has a market capitalization of $17.33 billion, a P/E ratio of 14.71 and a beta of 0.78. The company’s 50-day simple moving average is $90.13 and its 200-day simple moving average is $88.02.

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.