Avantis International Equity ETF $AVDE Stake Lessened by Grove Bank & Trust

Grove Bank & Trust lessened its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 11.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,488 shares of the company’s stock after selling 6,540 shares during the quarter. Grove Bank & Trust’s holdings in Avantis International Equity ETF were worth $4,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVDE. EverSource Wealth Advisors LLC raised its stake in shares of Avantis International Equity ETF by 19.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after buying an additional 30,539 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of Avantis International Equity ETF in the fourth quarter valued at $7,587,000. Apella Capital LLC boosted its stake in Avantis International Equity ETF by 7.9% during the fourth quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock valued at $56,155,000 after buying an additional 49,699 shares in the last quarter. UBS Group AG boosted its stake in Avantis International Equity ETF by 8.6% during the fourth quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock valued at $87,365,000 after buying an additional 83,675 shares in the last quarter. Finally, Novem Group bought a new position in Avantis International Equity ETF during the fourth quarter valued at about $4,870,000.

Avantis International Equity ETF Stock Up 1.1%

NYSEARCA:AVDE opened at $92.60 on Wednesday. The business’s 50-day moving average price is $90.00 and its 200 day moving average price is $88.86. Avantis International Equity ETF has a 52-week low of $74.07 and a 52-week high of $92.73. The firm has a market cap of $18.45 billion, a P/E ratio of 14.71 and a beta of 0.78.

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.