MAI Capital Management Takes $3.15 Million Position in Avantis International Equity ETF $AVDE

MAI Capital Management bought a new position in Avantis International Equity ETF (NYSEARCA:AVDE) during the 3rd quarter, Holdings Channel.com reports. The fund bought 39,957 shares of the company’s stock, valued at approximately $3,153,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada grew its stake in Avantis International Equity ETF by 123.9% during the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock valued at $5,352,000 after acquiring an additional 44,683 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Avantis International Equity ETF by 49.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock valued at $443,000 after purchasing an additional 2,206 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Avantis International Equity ETF during the second quarter valued at about $57,000. Transcend Capital Advisors LLC purchased a new position in shares of Avantis International Equity ETF during the second quarter valued at about $264,000. Finally, Spire Wealth Management increased its holdings in shares of Avantis International Equity ETF by 5.0% in the second quarter. Spire Wealth Management now owns 5,496 shares of the company’s stock worth $407,000 after purchasing an additional 262 shares during the last quarter.

Avantis International Equity ETF Trading Down 0.0%

NYSEARCA:AVDE opened at $92.20 on Friday. The business’s 50-day moving average is $86.94 and its 200 day moving average is $81.78. Avantis International Equity ETF has a 12 month low of $58.56 and a 12 month high of $92.60. The company has a market capitalization of $13.90 billion, a P/E ratio of 14.71 and a beta of 0.84.

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.