Canvas Wealth Advisors LLC Increases Stock Position in Avantis International Equity ETF $AVDE

Canvas Wealth Advisors LLC grew its holdings in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 4.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 185,740 shares of the company’s stock after buying an additional 8,073 shares during the period. Avantis International Equity ETF makes up 2.3% of Canvas Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. Canvas Wealth Advisors LLC’s holdings in Avantis International Equity ETF were worth $16,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Align Financial LLC bought a new position in shares of Avantis International Equity ETF in the 4th quarter worth about $1,117,525,000. Corient Private Wealth LLC boosted its stake in Avantis International Equity ETF by 61.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock worth $479,508,000 after acquiring an additional 2,219,229 shares in the last quarter. Maseco LLP bought a new stake in Avantis International Equity ETF during the first quarter worth about $166,156,000. Advance Capital Management Inc. grew its holdings in Avantis International Equity ETF by 1,709.5% in the first quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock worth $146,985,000 after purchasing an additional 1,636,753 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in 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 worth $213,301,000 after purchasing an additional 1,552,177 shares during the period.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE opened at $93.57 on Wednesday. Avantis International Equity ETF has a fifty-two week low of $75.68 and a fifty-two week high of $94.00. The company has a 50 day simple moving average of $90.20 and a two-hundred day simple moving average of $89.14. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

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.