Align Financial LLC Buys New Stake in Avantis International Equity ETF $AVDE

Align Financial LLC bought a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,575,371 shares of the company’s stock, valued at approximately $1,117,525,000. Avantis International Equity ETF accounts for about 5.0% of Align Financial LLC’s investment portfolio, making the stock its 4th largest position. Align Financial LLC owned about 9.00% of Avantis International Equity ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth about $29,000. RHL Group LLC purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth about $38,000. US Bancorp DE purchased a new stake in shares of Avantis International Equity ETF during the third quarter worth about $47,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth about $48,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Avantis International Equity ETF during the fourth quarter worth about $56,000.

Avantis International Equity ETF Stock Down 0.8%

AVDE stock opened at $90.08 on Thursday. The stock has a market capitalization of $15.82 billion, a P/E ratio of 14.71 and a beta of 0.77. The firm has a 50-day simple moving average of $90.02 and a 200-day simple moving average of $87.09. Avantis International Equity ETF has a 52 week low of $72.08 and a 52 week 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.