Independent Advisor Alliance Invests $1.45 Million in Avantis International Equity ETF (NYSEARCA:AVDE)

Independent Advisor Alliance bought a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,663 shares of the company’s stock, valued at approximately $1,452,000.

A number of other large investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC increased its position in shares of Avantis International Equity ETF by 7,432.5% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,117,174 shares of the company’s stock valued at $375,411,000 after purchasing an additional 6,035,964 shares during the last quarter. Rockwood Wealth Management LLC increased its holdings in Avantis International Equity ETF by 7.3% during the fourth quarter. Rockwood Wealth Management LLC now owns 2,657,033 shares of the company’s stock worth $162,903,000 after buying an additional 181,222 shares during the last quarter. HighTower Advisors LLC boosted its stake in Avantis International Equity ETF by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,408,414 shares of the company’s stock valued at $161,433,000 after acquiring an additional 48,936 shares during the last quarter. LPL Financial LLC boosted its stake in Avantis International Equity ETF by 21.5% in the third quarter. LPL Financial LLC now owns 1,356,991 shares of the company’s stock valued at $90,959,000 after acquiring an additional 240,463 shares during the last quarter. Finally, Adero Partners LLC increased its stake in shares of Avantis International Equity ETF by 10.1% during the 4th quarter. Adero Partners LLC now owns 1,179,332 shares of the company’s stock worth $72,376,000 after purchasing an additional 108,518 shares during the last quarter.

Avantis International Equity ETF Trading Up 1.9 %

Avantis International Equity ETF stock opened at $67.46 on Friday. Avantis International Equity ETF has a 12 month low of $59.02 and a 12 month high of $67.94. The business’s 50 day simple moving average is $64.50 and its 200 day simple moving average is $64.38. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 15.30 and a beta of 0.92.

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.