Magnolia Private Wealth LLC Sells 53,504 Shares of Avantis International Equity ETF $AVDE

Magnolia Private Wealth LLC cut its position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,875 shares of the company’s stock after selling 53,504 shares during the period. Avantis International Equity ETF accounts for about 7.0% of Magnolia Private Wealth LLC’s investment portfolio, making the stock its 2nd largest position. Magnolia Private Wealth LLC’s holdings in Avantis International Equity ETF were worth $10,033,000 at the end of the most recent reporting period.

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

Avantis International Equity ETF Stock Up 0.4%

NYSEARCA:AVDE opened at $90.89 on Friday. Avantis International Equity ETF has a 12-month low of $71.38 and a 12-month high of $92.60. The firm has a 50-day moving average price of $87.73 and a 200 day moving average price of $85.61. The firm has a market capitalization of $15.96 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.