Verus Wealth Management LLC Makes New Investment in Avantis International Equity ETF $AVDE

Verus Wealth Management LLC purchased a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 46,921 shares of the company’s stock, valued at approximately $3,863,000. Avantis International Equity ETF comprises approximately 3.6% of Verus Wealth Management LLC’s holdings, making the stock its 8th biggest holding.

Several other hedge funds also recently modified their holdings of AVDE. Royal Bank of Canada increased its position in Avantis International Equity ETF by 123.9% during the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock worth $5,352,000 after acquiring an additional 44,683 shares during the period. Integrated Wealth Concepts LLC grew its position in Avantis International Equity ETF by 49.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock worth $443,000 after purchasing an additional 2,206 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Avantis International Equity ETF by 22.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock worth $352,000 after purchasing an additional 868 shares during the period. JPMorgan Chase & Co. raised its position in shares of Avantis International Equity ETF by 40.0% during the second quarter. JPMorgan Chase & Co. now owns 173,687 shares of the company’s stock valued at $12,855,000 after buying an additional 49,646 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Avantis International Equity ETF by 9.5% in the second quarter. EverSource Wealth Advisors LLC now owns 78,802 shares of the company’s stock valued at $5,832,000 after buying an additional 6,857 shares during the period.

Avantis International Equity ETF Stock Up 1.5%

AVDE stock opened at $86.15 on Thursday. Avantis International Equity ETF has a twelve month low of $58.56 and a twelve month high of $92.60. The company has a market cap of $12.99 billion, a PE ratio of 14.71 and a beta of 0.84. The business’s 50-day simple moving average is $87.53 and its 200 day simple moving average is $83.10.

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.