Bridgewater Advisors Inc. Has $17.11 Million Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Bridgewater Advisors Inc. lifted its holdings in Avantis International Equity ETF (NYSEARCA:AVDE) by 0.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 265,562 shares of the company’s stock after purchasing an additional 733 shares during the quarter. Avantis International Equity ETF comprises about 1.8% of Bridgewater Advisors Inc.’s holdings, making the stock its 14th biggest holding. Bridgewater Advisors Inc.’s holdings in Avantis International Equity ETF were worth $17,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVDE. Voisard Asset Management Group Inc. bought a new stake in Avantis International Equity ETF during the 3rd quarter worth about $41,000. LRI Investments LLC acquired a new stake in shares of Avantis International Equity ETF during the 1st quarter worth approximately $70,000. NBC Securities Inc. raised its stake in shares of Avantis International Equity ETF by 17.6% during the third quarter. NBC Securities Inc. now owns 1,471 shares of the company’s stock worth $98,000 after buying an additional 220 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Avantis International Equity ETF in the first quarter valued at approximately $192,000. Finally, Sanctuary Advisors LLC bought a new position in Avantis International Equity ETF in the second quarter valued at approximately $214,000.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $63.97 on Thursday. The firm’s 50 day simple moving average is $65.39 and its 200 day simple moving average is $64.26. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. Avantis International Equity ETF has a fifty-two week low of $54.66 and a fifty-two week high of $67.83.

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.