ARQ Wealth Advisors LLC Grows Position in Avantis International Equity ETF $AVDE

ARQ Wealth Advisors LLC grew its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 7.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,335 shares of the company’s stock after buying an additional 9,203 shares during the period. Avantis International Equity ETF accounts for 1.9% of ARQ Wealth Advisors LLC’s portfolio, making the stock its 15th biggest holding. ARQ Wealth Advisors LLC owned 0.07% of Avantis International Equity ETF worth $10,633,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Avantis International Equity ETF by 19.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after purchasing an additional 30,539 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Avantis International Equity ETF during the fourth quarter valued at approximately $7,587,000. Apella Capital LLC lifted its holdings in shares of Avantis International Equity ETF by 7.9% in the fourth quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock worth $56,155,000 after buying an additional 49,699 shares in the last quarter. UBS Group AG lifted its holdings in shares of Avantis International Equity ETF by 8.6% in the fourth quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock worth $87,365,000 after buying an additional 83,675 shares in the last quarter. Finally, Legacy Financial Strategies LLC bought a new position in shares of Avantis International Equity ETF during the fourth quarter worth $33,349,000.

Avantis International Equity ETF Trading Up 0.7%

AVDE traded up $0.64 during trading on Friday, hitting $90.04. 1,448,323 shares of the company traded hands, compared to its average volume of 1,186,635. The company has a market cap of $17.55 billion, a PE ratio of 14.71 and a beta of 0.78. The stock’s 50-day simple moving average is $90.13 and its two-hundred day simple moving average is $88.02. Avantis International Equity ETF has a 1 year low of $72.79 and a 1 year high of $92.60.

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.