Avantis International Equity ETF $AVDE Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC raised its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 58.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,262 shares of the company’s stock after acquiring an additional 7,089 shares during the period. Merit Financial Group LLC’s holdings in Avantis International Equity ETF were worth $1,586,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AVDE. Ameriprise Financial Inc. increased its holdings in shares of Avantis International Equity ETF by 357.3% in the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after buying an additional 3,853,677 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Avantis International Equity ETF in the third quarter valued at $232,644,000. Envestnet Asset Management Inc. increased its holdings in shares of Avantis International Equity ETF by 140.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after buying an additional 2,377,932 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after buying an additional 2,046,558 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Avantis International Equity ETF by 134.8% in the third 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 in the last quarter.

Avantis International Equity ETF Stock Performance

NYSEARCA AVDE opened at $89.22 on Thursday. The stock has a market capitalization of $15.44 billion, a P/E ratio of 14.71 and a beta of 0.80. Avantis International Equity ETF has a 1 year low of $67.04 and a 1 year high of $92.60. The business’s fifty day moving average is $87.72 and its two-hundred day moving average is $84.16.

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.