Lane Brothers & Co. Inc. Takes Position in Avantis International Equity ETF $AVDE

Lane Brothers & Co. Inc. purchased a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 92,918 shares of the company’s stock, valued at approximately $7,649,000. Avantis International Equity ETF accounts for about 5.5% of Lane Brothers & Co. Inc.’s holdings, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently modified their holdings of AVDE. Align Financial LLC bought a new position in shares of Avantis International Equity ETF during the 4th quarter worth approximately $1,117,525,000. Ameriprise Financial Inc. grew its position in shares of Avantis International Equity ETF by 357.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after purchasing an additional 3,853,677 shares in the last quarter. Corient Private Wealth LLC grew its position in Avantis International Equity ETF by 61.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock worth $479,508,000 after buying an additional 2,219,229 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Avantis International Equity ETF by 134.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock worth $213,301,000 after purchasing an additional 1,552,177 shares during the period. Finally, Jane Street Group LLC increased its holdings in Avantis International Equity ETF by 952.3% in the 4th quarter. Jane Street Group LLC now owns 1,700,000 shares of the company’s stock valued at $139,944,000 after buying an additional 1,538,445 shares during the period.

Avantis International Equity ETF Price Performance

Shares of NYSEARCA:AVDE opened at $90.25 on Friday. Avantis International Equity ETF has a 1 year low of $72.08 and a 1 year high of $92.60. The company’s 50 day simple moving average is $90.12 and its 200 day simple moving average is $87.18. The stock has a market capitalization of $15.85 billion, a price-to-earnings 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.