Gradient Investments LLC Increases Stake in Avantis International Equity ETF $AVDE

Gradient Investments LLC boosted its holdings in Avantis International Equity ETF (NYSEARCA:AVDE) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,445,630 shares of the company’s stock after purchasing an additional 30,844 shares during the quarter. Avantis International Equity ETF makes up about 1.8% of Gradient Investments LLC’s investment portfolio, making the stock its 6th largest holding. Gradient Investments LLC’s holdings in Avantis International Equity ETF were worth $128,950,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Align Financial LLC acquired a new stake in shares of Avantis International Equity ETF during the fourth quarter worth $1,117,525,000. Corient Private Wealth LLC boosted its holdings in shares of Avantis International Equity ETF by 61.5% in the 4th 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 acquired a new position in shares of Avantis International Equity ETF in the 1st quarter valued at about $166,156,000. Advance Capital Management Inc. grew its position in shares of Avantis International Equity ETF by 1,709.5% during 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, Northwestern Mutual Wealth Management Co. grew its position in shares of Avantis International Equity ETF by 134.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock valued at $213,301,000 after buying an additional 1,552,177 shares during the last quarter.

Avantis International Equity ETF Stock Up 1.1%

AVDE opened at $93.95 on Friday. The company’s 50-day moving average price is $90.11 and its 200 day moving average price is $89.00. Avantis International Equity ETF has a fifty-two week low of $75.39 and a fifty-two week high of $94.01. The firm has a market cap of $18.71 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

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.