Lam Group Inc. Cuts Holdings in Avantis International Equity ETF (NYSEARCA:AVDE)

Lam Group Inc. decreased its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,655 shares of the company’s stock after selling 5,225 shares during the period. Avantis International Equity ETF accounts for 0.9% of Lam Group Inc.’s investment portfolio, making the stock its 29th biggest holding. Lam Group Inc.’s holdings in Avantis International Equity ETF were worth $1,329,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Aprio Wealth Management LLC increased its position in shares of Avantis International Equity ETF by 2.8% during the third quarter. Aprio Wealth Management LLC now owns 6,210 shares of the company’s stock valued at $416,000 after acquiring an additional 170 shares during the last quarter. TFB Advisors LLC raised its stake in shares of Avantis International Equity ETF by 3.0% during the 3rd quarter. TFB Advisors LLC now owns 6,368 shares of the company’s stock worth $427,000 after purchasing an additional 184 shares during the period. NBC Securities Inc. raised its stake in shares of Avantis International Equity ETF by 17.6% during the 3rd quarter. NBC Securities Inc. now owns 1,471 shares of the company’s stock worth $98,000 after purchasing an additional 220 shares during the period. KKM Financial LLC boosted its holdings in shares of Avantis International Equity ETF by 5.4% in the 3rd quarter. KKM Financial LLC now owns 7,041 shares of the company’s stock worth $472,000 after buying an additional 359 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in Avantis International Equity ETF by 5.1% during the fourth quarter. CWA Asset Management Group LLC now owns 7,600 shares of the company’s stock valued at $466,000 after buying an additional 369 shares during the period.

Avantis International Equity ETF Stock Performance

Shares of AVDE stock opened at $62.15 on Tuesday. Avantis International Equity ETF has a 52 week low of $58.42 and a 52 week high of $67.83. The firm’s 50-day simple moving average is $62.63 and its two-hundred day simple moving average is $63.91. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82.

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.