Independence Bank of Kentucky lifted its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE – Free Report) by 15.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 208,983 shares of the company’s stock after purchasing an additional 27,292 shares during the quarter. Avantis International Equity ETF comprises about 2.1% of Independence Bank of Kentucky’s investment portfolio, making the stock its 9th largest position. Independence Bank of Kentucky’s holdings in Avantis International Equity ETF were worth $18,641,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Align Financial LLC acquired a new stake in shares of Avantis International Equity ETF in the fourth quarter valued at about $1,117,525,000. 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 during the period. Bank of America Corp DE grew its position in Avantis International Equity ETF by 32.4% during the first quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after buying an additional 979,961 shares during the period. LPL Financial LLC increased its holdings in Avantis International Equity ETF by 41.7% in the fourth quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock valued at $268,904,000 after buying an additional 961,586 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Avantis International Equity ETF by 17.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,162,431 shares of the company’s stock valued at $260,331,000 after buying an additional 458,993 shares in the last quarter.
Avantis International Equity ETF Trading Down 0.9%
AVDE stock opened at $92.81 on Wednesday. The firm has a 50 day moving average of $91.44 and a 200-day moving average of $89.75. Avantis International Equity ETF has a 12-month low of $75.68 and a 12-month high of $94.82. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.
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.
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