Prospect Financial Group LLC Invests $2.31 Million in Avantis International Equity ETF (NYSEARCA:AVDE)

Prospect Financial Group LLC acquired a new position in Avantis International Equity ETF (NYSEARCA:AVDE) in the 4th quarter, HoldingsChannel reports. The fund acquired 37,601 shares of the company’s stock, valued at approximately $2,308,000. Avantis International Equity ETF comprises about 2.8% of Prospect Financial Group LLC’s investment portfolio, making the stock its 11th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Strategic Financial Concepts LLC increased its stake in shares of Avantis International Equity ETF by 7,432.5% in the fourth quarter. Strategic Financial Concepts LLC now owns 6,117,174 shares of the company’s stock worth $375,411,000 after purchasing an additional 6,035,964 shares in the last quarter. Life Planning Partners Inc grew its stake in Avantis International Equity ETF by 6,282.9% in the 4th quarter. Life Planning Partners Inc now owns 931,655 shares of the company’s stock valued at $57,000 after buying an additional 917,059 shares in the last quarter. Gradient Investments LLC bought a new stake in Avantis International Equity ETF during the 4th quarter valued at $42,426,000. American Century Companies Inc. raised its holdings in Avantis International Equity ETF by 30.4% during the 4th quarter. American Century Companies Inc. now owns 2,219,381 shares of the company’s stock valued at $136,203,000 after acquiring an additional 517,942 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Avantis International Equity ETF by 15.4% during the fourth quarter. Corient Private Wealth LLC now owns 3,384,651 shares of the company’s stock worth $207,716,000 after acquiring an additional 450,656 shares in the last quarter.

Avantis International Equity ETF Stock Performance

Shares of NYSEARCA AVDE opened at $67.74 on Tuesday. The stock has a fifty day moving average of $65.29 and a 200-day moving average of $64.47. The stock has a market cap of $6.09 billion, a PE ratio of 14.81 and a beta of 0.91. Avantis International Equity ETF has a fifty-two week low of $59.02 and a fifty-two week high of $68.81.

Avantis International Equity ETF 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.