Morris Financial Concepts Inc. Grows Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Morris Financial Concepts Inc. lifted its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,717 shares of the company’s stock after buying an additional 477 shares during the quarter. Avantis International Equity ETF makes up about 0.9% of Morris Financial Concepts Inc.’s investment portfolio, making the stock its 24th largest position. Morris Financial Concepts Inc.’s holdings in Avantis International Equity ETF were worth $1,614,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AVDE. True Wealth Design LLC raised its stake in Avantis International Equity ETF by 7.7% during the third quarter. True Wealth Design LLC now owns 113,382 shares of the company’s stock valued at $6,310,000 after purchasing an additional 8,117 shares in the last quarter. Visionary Horizons LLC purchased a new stake in Avantis International Equity ETF during the fourth quarter valued at $499,000. Brookstone Capital Management raised its stake in Avantis International Equity ETF by 1,207.9% during the fourth quarter. Brookstone Capital Management now owns 82,201 shares of the company’s stock valued at $4,967,000 after purchasing an additional 75,916 shares in the last quarter. Summit X LLC raised its stake in Avantis International Equity ETF by 30.9% during the third quarter. Summit X LLC now owns 8,103 shares of the company’s stock valued at $451,000 after purchasing an additional 1,915 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Avantis International Equity ETF during the third quarter valued at $313,000.

Avantis International Equity ETF Stock Down 1.5 %

Avantis International Equity ETF stock traded down $0.94 during mid-day trading on Friday, reaching $62.13. 281,444 shares of the company’s stock traded hands, compared to its average volume of 248,330. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 10.07 and a beta of 0.94. The stock has a 50 day moving average of $61.91 and a two-hundred day moving average of $58.96. Avantis International Equity ETF has a 12-month low of $52.86 and a 12-month high of $64.17.

Avantis International Equity ETF Company 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.