Rialto Wealth Management LLC Makes New $1.14 Million Investment in Avantis International Equity ETF (NYSEARCA:AVDE)

Rialto Wealth Management LLC bought a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, Holdings Channel reports. The fund bought 18,561 shares of the company’s stock, valued at approximately $1,139,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AVDE. Strategic Financial Concepts LLC boosted its holdings in Avantis International Equity ETF by 7,432.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,117,174 shares of the company’s stock valued at $375,411,000 after purchasing an additional 6,035,964 shares during the last quarter. Life Planning Partners Inc raised its position in shares of Avantis International Equity ETF by 6,282.9% in the 4th quarter. Life Planning Partners Inc now owns 931,655 shares of the company’s stock valued at $57,000 after purchasing an additional 917,059 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of Avantis International Equity ETF during the 4th quarter valued at approximately $42,426,000. Executive Wealth Management LLC acquired a new stake in shares of Avantis International Equity ETF during the third quarter worth approximately $26,196,000. Finally, Modera Wealth Management LLC bought a new stake in shares of Avantis International Equity ETF in the fourth quarter worth $23,477,000.

Avantis International Equity ETF Price Performance

NYSEARCA AVDE opened at $67.91 on Friday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.30 and a beta of 0.92. Avantis International Equity ETF has a 12 month low of $59.02 and a 12 month high of $67.94. The company’s fifty day moving average price is $63.98 and its two-hundred day moving average price is $64.34.

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.