Palo Alto Wealth Advisors LLC Invests $684,000 in Avantis International Equity ETF $AVDE

Palo Alto Wealth Advisors LLC purchased a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,490 shares of the company’s stock, valued at approximately $684,000. Avantis International Equity ETF accounts for about 0.4% of Palo Alto Wealth Advisors LLC’s portfolio, making the stock its 28th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BWM Planning LLC boosted its stake in Avantis International Equity ETF by 58.7% in the second quarter. BWM Planning LLC now owns 262,780 shares of the company’s stock valued at $19,448,000 after acquiring an additional 97,229 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Avantis International Equity ETF by 433.2% in the 2nd quarter. Assetmark Inc. now owns 997 shares of the company’s stock valued at $74,000 after purchasing an additional 810 shares during the period. Great Point Wealth Advisors LLC bought a new position in shares of Avantis International Equity ETF in the 3rd quarter worth $6,500,000. Advyzon Investment Management LLC grew its stake in shares of Avantis International Equity ETF by 110.2% during the third quarter. Advyzon Investment Management LLC now owns 47,714 shares of the company’s stock worth $3,765,000 after purchasing an additional 25,013 shares during the period. Finally, Cerity Partners LLC increased its holdings in Avantis International Equity ETF by 5.2% in the second quarter. Cerity Partners LLC now owns 691,229 shares of the company’s stock valued at $51,158,000 after purchasing an additional 33,920 shares during the last quarter.

Avantis International Equity ETF Trading Down 2.0%

Shares of AVDE opened at $86.91 on Friday. The stock has a market cap of $13.11 billion, a P/E ratio of 14.71 and a beta of 0.84. Avantis International Equity ETF has a 1 year low of $58.56 and a 1 year high of $92.60. The stock’s 50-day moving average price is $87.41 and its two-hundred day moving average price is $82.11.

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.