Sequoia Financial Advisors LLC Takes $6.24 Million Position in Avantis International Equity ETF (NYSEARCA:AVDE)

Sequoia Financial Advisors LLC acquired a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 93,157 shares of the company’s stock, valued at approximately $6,244,000.

Other hedge funds have also recently made changes to their positions in the company. First National Bank Sioux Falls boosted its position in Avantis International Equity ETF by 11.2% in the 2nd quarter. First National Bank Sioux Falls now owns 184,897 shares of the company’s stock valued at $11,512,000 after buying an additional 18,631 shares during the period. WMS Partners LLC boosted its holdings in shares of Avantis International Equity ETF by 3.6% in the first quarter. WMS Partners LLC now owns 1,728,586 shares of the company’s stock valued at $110,180,000 after acquiring an additional 59,930 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Avantis International Equity ETF in the second quarter valued at about $2,009,000. Envestnet Portfolio Solutions Inc. boosted its holdings in Avantis International Equity ETF by 10.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 6,601 shares of the company’s stock worth $421,000 after buying an additional 638 shares in the last quarter. Finally, North Ridge Wealth Advisors Inc. boosted its holdings in Avantis International Equity ETF by 8.2% during the second quarter. North Ridge Wealth Advisors Inc. now owns 21,483 shares of the company’s stock worth $1,338,000 after buying an additional 1,635 shares in the last quarter.

Avantis International Equity ETF Trading Down 0.4 %

Shares of AVDE opened at $64.92 on Wednesday. The stock has a market cap of $4.49 billion, a P/E ratio of 11.74 and a beta of 0.82. The company has a 50-day moving average of $65.55 and a two-hundred day moving average of $64.12. Avantis International Equity ETF has a 12-month low of $52.86 and a 12-month high of $67.83.

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.