Synovus Financial Corp Purchases New Position in Avantis International Equity ETF $AVDE

Synovus Financial Corp purchased a new position in Avantis International Equity ETF (NYSEARCA:AVDE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 96,007 shares of the company’s stock, valued at approximately $7,575,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVDE. Royal Bank of Canada grew its holdings in Avantis International Equity ETF by 123.9% during the 1st quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock valued at $5,352,000 after buying an additional 44,683 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Avantis International Equity ETF by 49.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock valued at $443,000 after acquiring an additional 2,206 shares during the period. TFB Advisors LLC grew its stake in Avantis International Equity ETF by 17.4% during the second quarter. TFB Advisors LLC now owns 6,673 shares of the company’s stock valued at $494,000 after acquiring an additional 989 shares in the last quarter. Strategic Blueprint LLC increased its holdings in Avantis International Equity ETF by 5.3% during the 2nd quarter. Strategic Blueprint LLC now owns 286,578 shares of the company’s stock worth $21,210,000 after acquiring an additional 14,530 shares during the period. Finally, Castle Wealth Management LLC lifted its stake in Avantis International Equity ETF by 0.6% in the 2nd quarter. Castle Wealth Management LLC now owns 111,148 shares of the company’s stock worth $8,226,000 after purchasing an additional 687 shares in the last quarter.

Avantis International Equity ETF Price Performance

AVDE stock opened at $90.79 on Friday. The firm has a 50 day simple moving average of $85.71 and a two-hundred day simple moving average of $81.08. The stock has a market cap of $13.69 billion, a PE ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a one year low of $58.56 and a one year high of $91.48.

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.