Red Lighthouse Investment Management LLC Has $21.95 Million Stake in Avantis International Equity ETF $AVDE

Red Lighthouse Investment Management LLC decreased its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 7.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,552 shares of the company’s stock after selling 24,792 shares during the quarter. Avantis International Equity ETF comprises about 8.4% of Red Lighthouse Investment Management LLC’s portfolio, making the stock its 4th largest holding. Red Lighthouse Investment Management LLC owned approximately 0.28% of Avantis International Equity ETF worth $21,948,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVDE. HighTower Advisors LLC raised its stake in Avantis International Equity ETF by 3.4% during the first quarter. HighTower Advisors LLC now owns 2,529,397 shares of the company’s stock valued at $167,623,000 after purchasing an additional 83,889 shares in the last quarter. HB Wealth Management LLC raised its stake in Avantis International Equity ETF by 27,747.4% during the first quarter. HB Wealth Management LLC now owns 2,007,800 shares of the company’s stock valued at $133,057,000 after purchasing an additional 2,000,590 shares in the last quarter. Maseco LLP purchased a new stake in Avantis International Equity ETF during the second quarter valued at $129,140,000. Envestnet Asset Management Inc. raised its stake in Avantis International Equity ETF by 22.7% during the second quarter. Envestnet Asset Management Inc. now owns 1,690,757 shares of the company’s stock valued at $125,133,000 after purchasing an additional 313,133 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Avantis International Equity ETF by 9.4% during the first quarter. LPL Financial LLC now owns 1,679,578 shares of the company’s stock valued at $111,306,000 after purchasing an additional 144,363 shares in the last quarter.

Avantis International Equity ETF Stock Up 0.3%

Avantis International Equity ETF stock opened at $79.86 on Monday. Avantis International Equity ETF has a 52-week low of $58.56 and a 52-week high of $80.23. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 14.71 and a beta of 0.94. The firm’s fifty day moving average is $78.27 and its 200 day moving average is $74.27.

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.