Parallel Advisors LLC Acquires 168,181 Shares of Avantis International Equity ETF $AVDE

Parallel Advisors LLC lifted its holdings in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 22.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 925,232 shares of the company’s stock after acquiring an additional 168,181 shares during the quarter. Avantis International Equity ETF comprises approximately 1.4% of Parallel Advisors LLC’s portfolio, making the stock its 11th largest holding. Parallel Advisors LLC’s holdings in Avantis International Equity ETF were worth $78,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its stake in shares of Avantis International Equity ETF by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after acquiring an additional 30,539 shares during the period. Elyxium Wealth LLC purchased a new position in shares of Avantis International Equity ETF during the fourth quarter valued at approximately $7,587,000. Apella Capital LLC grew its position in Avantis International Equity ETF by 7.9% in the 4th quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock worth $56,155,000 after purchasing an additional 49,699 shares during the period. UBS Group AG grew its holdings in shares of Avantis International Equity ETF by 8.6% in the fourth quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock worth $87,365,000 after acquiring an additional 83,675 shares during the period. Finally, Novem Group bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $4,870,000.

Avantis International Equity ETF Trading Up 1.1%

Shares of NYSEARCA AVDE opened at $92.60 on Wednesday. Avantis International Equity ETF has a 12-month low of $74.07 and a 12-month high of $92.73. The firm has a market capitalization of $18.45 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The firm has a 50 day moving average of $90.00 and a 200 day moving average of $88.86.

Avantis International Equity ETF Company 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.