Lane Brothers & Co. Inc. Invests $7.65 Million in Avantis International Equity ETF $AVDE

Lane Brothers & Co. Inc. purchased a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 92,918 shares of the company’s stock, valued at approximately $7,649,000. Avantis International Equity ETF accounts for approximately 5.5% of Lane Brothers & Co. Inc.’s investment portfolio, making the stock its 4th biggest holding. Lane Brothers & Co. Inc. owned approximately 0.06% of Avantis International Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AVDE. World Investment Advisors raised its holdings in Avantis International Equity ETF by 4.8% during the 4th quarter. World Investment Advisors now owns 196,609 shares of the company’s stock worth $16,185,000 after purchasing an additional 9,076 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Avantis International Equity ETF by 21.6% in the fourth quarter. Corient Private Wealth LLC now owns 4,384,698 shares of the company’s stock valued at $360,950,000 after buying an additional 779,001 shares during the period. Barnes Wealth Management Group Inc boosted its stake in Avantis International Equity ETF by 12.7% during the 4th quarter. Barnes Wealth Management Group Inc now owns 3,226 shares of the company’s stock worth $266,000 after acquiring an additional 364 shares during the last quarter. Monetary Solutions Ltd bought a new position in shares of Avantis International Equity ETF during the fourth quarter worth $65,000. Finally, Capstone Wealth Management Inc. bought a new position in Avantis International Equity ETF during the fourth quarter worth about $3,755,000.

Avantis International Equity ETF Stock Performance

Shares of AVDE opened at $90.25 on Friday. Avantis International Equity ETF has a 52-week low of $72.08 and a 52-week high of $92.60. The stock has a 50 day simple moving average of $90.12 and a 200 day simple moving average of $87.18. The firm has a market capitalization of $15.85 billion, a PE ratio of 14.71 and a beta of 0.77.

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.