Parallel Advisors LLC Increases Position in Avantis International Equity ETF $AVDE

Parallel Advisors LLC boosted its position in Avantis International Equity ETF (NYSEARCA:AVDE) by 22.2% during the first quarter, Holdings Channel reports. The fund owned 925,232 shares of the company’s stock after acquiring an additional 168,181 shares during the period. Avantis International Equity ETF comprises 1.4% of Parallel Advisors LLC’s holdings, making the stock its 12th biggest holding. Parallel Advisors LLC’s holdings in Avantis International Equity ETF were worth $78,497,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Team Financial Group LLC lifted its stake in Avantis International Equity ETF by 184.5% during the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock worth $25,000 after purchasing an additional 190 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Avantis International Equity ETF during the 4th quarter valued at about $29,000. RHL Group LLC bought a new position in shares of Avantis International Equity ETF during the 4th quarter valued at about $38,000. US Bancorp DE purchased a new position in shares of Avantis International Equity ETF during the 3rd quarter valued at about $47,000. Finally, Investment Research & Advisory Group Inc. purchased a new position in shares of Avantis International Equity ETF during the 4th quarter valued at about $48,000.

Avantis International Equity ETF Price Performance

NYSEARCA:AVDE opened at $89.33 on Monday. The company has a market capitalization of $17.52 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The business has a 50 day moving average of $90.08 and a 200 day moving average of $88.31. Avantis International Equity ETF has a 1-year low of $72.79 and a 1-year high of $92.60.

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.