Merited Wealth LLC Has $4.14 Million Stake in Avantis International Equity ETF $AVDE

Merited Wealth LLC increased its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 122.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,752 shares of the company’s stock after acquiring an additional 26,793 shares during the period. Avantis International Equity ETF comprises approximately 3.4% of Merited Wealth LLC’s portfolio, making the stock its 6th largest position. Merited Wealth LLC’s holdings in Avantis International Equity ETF were worth $4,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AVDE. Hantz Financial Services Inc. bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth approximately $29,000. RHL Group LLC purchased a new stake in Avantis International Equity ETF in the fourth quarter worth about $38,000. US Bancorp DE purchased a new position in shares of Avantis International Equity ETF in the 3rd quarter valued at approximately $47,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Avantis International Equity ETF during the fourth quarter valued at approximately $56,000.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE opened at $88.99 on Thursday. The company has a market cap of $17.01 billion, a PE ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a 52-week low of $72.79 and a 52-week high of $92.60. The firm’s 50 day moving average price is $89.95 and its 200-day moving average price is $87.66.

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.