Fifth Third Bancorp Has $31 Million Stock Holdings in Avantis International Equity ETF (NYSEARCA:AVDE)

Fifth Third Bancorp lifted its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 12.2% during the first quarter, Holdings Channel reports. The firm owned 467,708 shares of the company’s stock after purchasing an additional 50,738 shares during the quarter. Fifth Third Bancorp’s holdings in Avantis International Equity ETF were worth $30,995,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Avantis International Equity ETF by 7.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,890,241 shares of the company’s stock worth $300,114,000 after purchasing an additional 337,019 shares during the period. Corient Private Wealth LLC raised its position in Avantis International Equity ETF by 15.4% during the fourth quarter. Corient Private Wealth LLC now owns 3,384,651 shares of the company’s stock valued at $207,716,000 after buying an additional 450,656 shares during the period. Rockwood Wealth Management LLC raised its position in Avantis International Equity ETF by 7.1% during the first quarter. Rockwood Wealth Management LLC now owns 2,844,520 shares of the company’s stock valued at $188,506,000 after buying an additional 187,487 shares during the period. HighTower Advisors LLC raised its position in Avantis International Equity ETF by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 2,445,508 shares of the company’s stock valued at $150,081,000 after buying an additional 37,094 shares during the period. Finally, American Century Companies Inc. raised its position in Avantis International Equity ETF by 30.4% during the fourth quarter. American Century Companies Inc. now owns 2,219,381 shares of the company’s stock valued at $136,203,000 after buying an additional 517,942 shares during the period.

Avantis International Equity ETF Trading Up 0.8%

NYSEARCA:AVDE opened at $74.36 on Friday. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 14.90 and a beta of 0.84. Avantis International Equity ETF has a 1-year low of $58.56 and a 1-year high of $74.45. The business’s fifty day moving average price is $69.45 and its 200 day moving average price is $66.09.

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.