Magnolia Private Wealth LLC Takes $3.34 Million Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Magnolia Private Wealth LLC purchased a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 54,336 shares of the company’s stock, valued at approximately $3,335,000. Avantis International Equity ETF accounts for approximately 1.9% of Magnolia Private Wealth LLC’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SC&H Financial Advisors Inc. increased its position in shares of Avantis International Equity ETF by 5.2% during the 4th quarter. SC&H Financial Advisors Inc. now owns 338,357 shares of the company’s stock valued at $20,765,000 after purchasing an additional 16,710 shares during the last quarter. Bleakley Financial Group LLC bought a new position in Avantis International Equity ETF during the fourth quarter valued at about $218,000. Private Advisor Group LLC increased its holdings in Avantis International Equity ETF by 1.9% during the third quarter. Private Advisor Group LLC now owns 35,601 shares of the company’s stock worth $2,386,000 after buying an additional 670 shares during the last quarter. ShankerValleau Wealth Advisors Inc. raised its position in Avantis International Equity ETF by 4.6% in the fourth quarter. ShankerValleau Wealth Advisors Inc. now owns 98,204 shares of the company’s stock worth $6,027,000 after acquiring an additional 4,334 shares during the period. Finally, Highland Financial Advisors LLC boosted its stake in Avantis International Equity ETF by 4.0% in the third quarter. Highland Financial Advisors LLC now owns 310,596 shares of the company’s stock valued at $20,819,000 after acquiring an additional 11,903 shares during the last quarter.

Avantis International Equity ETF Stock Up 0.8 %

Shares of AVDE stock opened at $66.15 on Wednesday. The firm has a market cap of $4.58 billion, a P/E ratio of 11.74 and a beta of 0.82. The company has a 50 day moving average of $63.14 and a 200-day moving average of $64.18. Avantis International Equity ETF has a 12-month low of $59.02 and a 12-month high of $67.83.

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.