Avantis International Equity ETF $AVDE Stake Lifted by Verus Wealth Management LLC

Verus Wealth Management LLC grew its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 25.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,313 shares of the company’s stock after acquiring an additional 13,876 shares during the period. Avantis International Equity ETF comprises 3.8% of Verus Wealth Management LLC’s investment portfolio, making the stock its 7th biggest position. Verus Wealth Management LLC’s holdings in Avantis International Equity ETF were worth $6,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Align Financial LLC bought a new stake in shares of Avantis International Equity ETF in the 4th quarter worth approximately $1,117,525,000. Corient Private Wealth LLC lifted its stake in Avantis International Equity ETF by 61.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after purchasing an additional 2,219,229 shares during the last quarter. Maseco LLP purchased a new position in Avantis International Equity ETF in the first quarter valued at approximately $166,156,000. Advance Capital Management Inc. grew its holdings in Avantis International Equity ETF by 1,709.5% during the first quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after purchasing an additional 1,636,753 shares during the period. Finally, Gradient Investments LLC bought a new position in Avantis International Equity ETF during the third quarter valued at $132,721,000.

Avantis International Equity ETF Stock Performance

NYSEARCA:AVDE traded up $0.47 during trading hours on Tuesday, reaching $90.05. The stock had a trading volume of 671,056 shares, compared to its average volume of 1,150,580. The stock has a 50 day simple moving average of $92.49 and a 200 day simple moving average of $90.54. Avantis International Equity ETF has a 12-month low of $77.20 and a 12-month high of $94.82. The stock has a market cap of $19.17 billion, a P/E ratio of 14.71 and a beta of 0.79.

Avantis International Equity ETF 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.