Sunpointe LLC Invests $1.85 Million in Avantis International Equity ETF (NYSEARCA:AVDE)

Sunpointe LLC acquired a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,074 shares of the company’s stock, valued at approximately $1,846,000. Avantis International Equity ETF comprises about 0.9% of Sunpointe LLC’s portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC raised its stake in shares of Avantis International Equity ETF by 7,432.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 6,117,174 shares of the company’s stock worth $375,411,000 after acquiring an additional 6,035,964 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Avantis International Equity ETF by 4.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,553,222 shares of the company’s stock worth $305,202,000 after purchasing an additional 207,282 shares during the period. Rockwood Wealth Management LLC raised its position in Avantis International Equity ETF by 7.3% in the 4th quarter. Rockwood Wealth Management LLC now owns 2,657,033 shares of the company’s stock worth $162,903,000 after purchasing an additional 181,222 shares during the period. HighTower Advisors LLC lifted its stake in Avantis International Equity ETF by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,408,414 shares of the company’s stock worth $161,433,000 after purchasing an additional 48,936 shares during the last quarter. Finally, LPL Financial LLC grew its stake in shares of Avantis International Equity ETF by 21.5% during the third quarter. LPL Financial LLC now owns 1,356,991 shares of the company’s stock valued at $90,959,000 after buying an additional 240,463 shares during the last quarter.

Avantis International Equity ETF Trading Down 0.9 %

AVDE opened at $65.78 on Thursday. The company has a market cap of $4.55 billion, a P/E ratio of 11.74 and a beta of 0.82. Avantis International Equity ETF has a 12 month low of $59.02 and a 12 month high of $67.83. The business’s 50-day moving average price is $62.95 and its 200-day moving average price is $64.01.

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.