Sowell Financial Services LLC Acquires New Stake in Avantis International Equity ETF $AVDE

Sowell Financial Services LLC bought a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) in the third quarter, Holdings Channel reports. The institutional investor bought 15,500 shares of the company’s stock, valued at approximately $1,397,000.

Several other institutional investors and hedge funds have also modified their holdings of AVDE. Maseco LLP bought a new stake in Avantis International Equity ETF during the 1st quarter worth approximately $166,156,000. Advance Capital Management Inc. increased its holdings in Avantis International Equity ETF by 1,709.5% during the 1st quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock valued at $146,985,000 after purchasing an additional 1,636,753 shares in the last quarter. Gradient Investments LLC bought a new position in Avantis International Equity ETF in the 3rd quarter valued at $132,721,000. Prime Capital Investment Advisors LLC raised its position in Avantis International Equity ETF by 267.1% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,704,275 shares of the company’s stock valued at $153,572,000 after purchasing an additional 1,240,077 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Avantis International Equity ETF by 32.4% in the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock valued at $339,650,000 after purchasing an additional 979,961 shares during the last quarter.

Avantis International Equity ETF Stock Performance

Avantis International Equity ETF stock opened at $88.74 on Friday. The firm has a market cap of $19.20 billion, a P/E ratio of 14.71 and a beta of 0.79. The business’s fifty day moving average is $91.84 and its two-hundred day moving average is $90.80. Avantis International Equity ETF has a 52 week low of $77.20 and a 52 week high of $94.82.

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.