Align Financial LLC Makes New $1.12 Billion Investment in Avantis International Equity ETF $AVDE

Align Financial LLC acquired a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 13,575,371 shares of the company’s stock, valued at approximately $1,117,525,000. Avantis International Equity ETF accounts for about 5.0% of Align Financial LLC’s holdings, making the stock its 4th biggest position. Align Financial LLC owned 0.09% of Avantis International Equity ETF as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVDE. Hantz Financial Services Inc. purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $29,000. RHL Group LLC purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $38,000. US Bancorp DE purchased a new stake in shares of Avantis International Equity ETF in the 3rd quarter valued at approximately $47,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $56,000.

Avantis International Equity ETF Trading Down 0.8%

Shares of NYSEARCA:AVDE opened at $90.08 on Thursday. Avantis International Equity ETF has a 52 week low of $72.08 and a 52 week high of $92.60. The company’s 50 day moving average is $90.02 and its two-hundred day moving average is $87.09. The company has a market cap of $15.82 billion, a PE ratio of 14.71 and a beta of 0.77.

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.