Parallel Advisors LLC Grows Stake in Avantis International Equity ETF $AVDE

Parallel Advisors LLC grew its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 22.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 925,232 shares of the company’s stock after acquiring an additional 168,181 shares during the quarter. Avantis International Equity ETF comprises approximately 1.4% of Parallel Advisors LLC’s portfolio, making the stock its 11th biggest position. Parallel Advisors LLC owned approximately 0.53% of Avantis International Equity ETF worth $78,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in Avantis International Equity ETF by 22.5% during the 1st quarter. NewEdge Advisors LLC now owns 211,225 shares of the company’s stock valued at $17,920,000 after purchasing an additional 38,851 shares during the last quarter. Caerus Investment Advisors LLC purchased a new position in Avantis International Equity ETF in the first quarter worth about $704,000. Cozad Asset Management Inc. raised its holdings in Avantis International Equity ETF by 35.7% in the first quarter. Cozad Asset Management Inc. now owns 37,254 shares of the company’s stock worth $3,161,000 after buying an additional 9,800 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of Avantis International Equity ETF in the first quarter worth approximately $282,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Avantis International Equity ETF in the first quarter worth approximately $1,577,000.

Avantis International Equity ETF Stock Up 1.1%

NYSEARCA:AVDE opened at $92.60 on Wednesday. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The company’s 50 day moving average price is $90.00 and its 200-day moving average price is $88.86. Avantis International Equity ETF has a 52 week low of $74.07 and a 52 week high of $92.73.

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.