Passive Capital Management LLC. Grows Holdings in Avantis International Equity ETF $AVDE

Passive Capital Management LLC. lifted its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,888 shares of the company’s stock after buying an additional 2,054 shares during the quarter. Avantis International Equity ETF makes up about 4.6% of Passive Capital Management LLC.’s investment portfolio, making the stock its 7th largest position. Passive Capital Management LLC. owned about 0.18% of Avantis International Equity ETF worth $14,632,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AVDE. Glassman Wealth Services purchased a new stake in Avantis International Equity ETF in the 2nd quarter worth $25,000. Eastern Bank bought a new stake in shares of Avantis International Equity ETF in the first quarter worth about $31,000. AdvisorNet Financial Inc lifted its position in shares of Avantis International Equity ETF by 234.4% in the second quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after buying an additional 450 shares in the last quarter. Bessemer Group Inc. bought a new position in Avantis International Equity ETF during the second quarter valued at approximately $57,000. Finally, Crewe Advisors LLC bought a new position in Avantis International Equity ETF during the second quarter valued at approximately $58,000.

Avantis International Equity ETF Price Performance

NYSEARCA:AVDE opened at $77.22 on Friday. Avantis International Equity ETF has a 1 year low of $58.56 and a 1 year high of $81.28. The stock’s 50 day simple moving average is $79.14 and its two-hundred day simple moving average is $75.90. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84.

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.