Avantis International Equity ETF $AVDE Stake Raised by Fifth Third Bancorp

Fifth Third Bancorp lifted its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 121.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,802,790 shares of the company’s stock after purchasing an additional 1,539,967 shares during the period. Fifth Third Bancorp’s holdings in Avantis International Equity ETF were worth $252,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gradient Investments LLC bought a new position in shares of Avantis International Equity ETF in the third quarter valued at approximately $132,721,000. Prime Capital Investment Advisors LLC increased its holdings in Avantis International Equity ETF by 267.1% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,704,275 shares of the company’s stock worth $153,572,000 after acquiring an additional 1,240,077 shares during the period. Bank of America Corp DE increased its holdings in Avantis International Equity ETF by 32.4% during the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after acquiring an additional 979,961 shares during the period. Plancorp LLC purchased a new stake in Avantis International Equity ETF in the 3rd quarter worth approximately $83,555,000. Finally, Atwood & Palmer Inc. purchased a new stake in Avantis International Equity ETF in the 3rd quarter worth approximately $71,102,000.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $89.97 on Thursday. The firm has a fifty day moving average price of $90.68 and a two-hundred day moving average price of $89.91. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 15.06 and a beta of 0.80. Avantis International Equity ETF has a one year low of $77.20 and a one year high of $94.82.

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.