LPL Financial LLC raised its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE – Free Report) by 7.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,116,528 shares of the company’s stock after purchasing an additional 81,518 shares during the quarter. LPL Financial LLC’s holdings in Avantis International Equity ETF were worth $69,515,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elevate Wealth Advisory Inc. purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter worth about $34,000. Activest Wealth Management bought a new position in Avantis International Equity ETF during the 1st quarter valued at about $60,000. NBC Securities Inc. bought a new position in Avantis International Equity ETF during the 4th quarter valued at about $64,000. LRI Investments LLC bought a new position in Avantis International Equity ETF during the 1st quarter valued at about $70,000. Finally, Clarity Asset Management Inc. bought a new position in Avantis International Equity ETF during the 4th quarter valued at about $157,000.
Avantis International Equity ETF Stock Performance
AVDE opened at $65.26 on Friday. The company’s 50-day simple moving average is $63.94 and its two-hundred day simple moving average is $63.49. Avantis International Equity ETF has a 52-week low of $52.86 and a 52-week high of $66.28. The stock has a market capitalization of $4.52 billion, a P/E 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.
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