Gradient Investments LLC Buys 1,472,875 Shares of Avantis International Equity ETF $AVDE

Gradient Investments LLC acquired a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) during the 3rd quarter, Holdings Channel reports. The fund acquired 1,472,875 shares of the company’s stock, valued at approximately $132,721,000. Avantis International Equity ETF makes up approximately 1.9% of Gradient Investments LLC’s portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Align Financial LLC bought a new position in Avantis International Equity ETF in the fourth quarter valued at about $1,117,525,000. Corient Private Wealth LLC increased its stake in shares of Avantis International Equity ETF by 61.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after buying an additional 2,219,229 shares during the period. Maseco LLP bought a new position in Avantis International Equity ETF in the 1st quarter valued at approximately $166,156,000. Advance Capital Management Inc. raised its holdings in Avantis International Equity ETF by 1,709.5% in the 1st quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after buying an additional 1,636,753 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Avantis International Equity ETF by 32.4% during the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after buying an additional 979,961 shares during the period.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA:AVDE traded down $0.39 during mid-day trading on Thursday, reaching $89.09. 519,292 shares of the company’s stock were exchanged, compared to its average volume of 1,153,463. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 14.71 and a beta of 0.79. The business’s fifty day moving average price is $92.66 and its 200-day moving average price is $90.36. Avantis International Equity ETF has a twelve month low of $77.20 and a twelve month high of $94.82.

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.