Palo Alto Wealth Advisors LLC Invests $684,000 in Avantis International Equity ETF $AVDE

Palo Alto Wealth Advisors LLC purchased a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,490 shares of the company’s stock, valued at approximately $684,000. Avantis International Equity ETF makes up about 0.4% of Palo Alto Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other large investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its stake in Avantis International Equity ETF by 3.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,895,332 shares of the company’s stock worth $388,738,000 after buying an additional 167,127 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Avantis International Equity ETF by 140.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock worth $321,020,000 after acquiring an additional 2,377,932 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Avantis International Equity ETF by 4.1% in the second quarter. Corient Private Wealth LLC now owns 4,047,221 shares of the company’s stock worth $299,535,000 after acquiring an additional 160,658 shares in the last quarter. American Century Companies Inc. raised its position in shares of Avantis International Equity ETF by 8.8% during the third quarter. American Century Companies Inc. now owns 3,671,927 shares of the company’s stock worth $289,715,000 after purchasing an additional 295,670 shares during the period. Finally, Vantagepoint Investment Advisers LLC bought a new position in shares of Avantis International Equity ETF during the 3rd quarter valued at about $232,644,000.

Avantis International Equity ETF Stock Performance

Shares of AVDE opened at $86.91 on Friday. The stock has a 50 day simple moving average of $87.41 and a 200 day simple moving average of $82.11. Avantis International Equity ETF has a 52-week low of $58.56 and a 52-week high of $92.60. The firm has a market capitalization of $13.11 billion, a PE ratio of 14.71 and a beta of 0.84.

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.