MeadowBrook Investment Advisors LLC Takes $104,000 Position in Avantis International Equity ETF (NYSEARCA:AVDE)

MeadowBrook Investment Advisors LLC acquired a new stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,697 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AVDE. Strategic Financial Concepts LLC raised 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 buying an additional 6,035,964 shares in the last quarter. Gradient Investments LLC purchased a new position in Avantis International Equity ETF in the 4th quarter worth $42,426,000. Executive Wealth Management LLC purchased a new position in Avantis International Equity ETF in the 3rd quarter worth $26,196,000. Yardley Wealth Management LLC purchased a new position in Avantis International Equity ETF in the 3rd quarter worth $21,852,000. Finally, LPL Financial LLC raised its position in Avantis International Equity ETF by 21.5% in the 3rd quarter. LPL Financial LLC now owns 1,356,991 shares of the company’s stock worth $90,959,000 after purchasing an additional 240,463 shares during the period.

Avantis International Equity ETF Stock Up 0.4 %

Shares of NYSEARCA:AVDE opened at $65.00 on Wednesday. The company’s fifty day moving average is $62.81 and its 200 day moving average is $63.90. Avantis International Equity ETF has a 52 week low of $58.59 and a 52 week high of $67.83. The stock has a market cap of $4.50 billion, a PE ratio of 11.74 and a beta of 0.82.

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.