Financial Management Network Inc. Takes $790,000 Position in Avantis International Equity ETF $AVDE

Financial Management Network Inc. bought a new position in Avantis International Equity ETF (NYSEARCA:AVDE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,862 shares of the company’s stock, valued at approximately $790,000.

Other hedge funds also recently made changes to their positions in the company. Align Financial LLC bought a new stake in Avantis International Equity ETF in the 4th quarter worth $1,117,525,000. Corient Private Wealth LLC raised its stake in shares of Avantis International Equity ETF by 61.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after acquiring an additional 2,219,229 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Avantis International Equity ETF by 4.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,102,049 shares of the company’s stock valued at $429,545,000 after acquiring an additional 206,717 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Avantis International Equity ETF by 357.3% during the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after purchasing an additional 3,853,677 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Avantis International Equity ETF by 8.8% during the third quarter. American Century Companies Inc. now owns 3,671,927 shares of the company’s stock worth $289,715,000 after purchasing an additional 295,670 shares during the period.

Avantis International Equity ETF Price Performance

NYSEARCA AVDE opened at $90.65 on Tuesday. The stock has a market capitalization of $15.92 billion, a PE ratio of 14.71 and a beta of 0.77. Avantis International Equity ETF has a 1 year low of $72.08 and a 1 year high of $92.60. The business’s 50-day moving average is $90.15 and its 200 day moving average is $87.29.

About Avantis International Equity ETF

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.