HighTower Advisors LLC Cuts Stock Position in Avantis International Equity ETF $AVDE

HighTower Advisors LLC lessened its stake in Avantis International Equity ETF (NYSEARCA:AVDE) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,333,736 shares of the company’s stock after selling 21,854 shares during the quarter. HighTower Advisors LLC’s holdings in Avantis International Equity ETF were worth $192,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. L.K. Benson & Company P.C. grew its stake in Avantis International Equity ETF by 3.7% in the fourth quarter. L.K. Benson & Company P.C. now owns 31,434 shares of the company’s stock valued at $2,588,000 after purchasing an additional 1,114 shares during the last quarter. Gambit Capital Management LLC purchased a new position in Avantis International Equity ETF in the fourth quarter valued at about $320,000. Watchman Group Inc. purchased a new position in Avantis International Equity ETF in the fourth quarter valued at about $711,000. Mission Wealth Management LP purchased a new position in Avantis International Equity ETF in the fourth quarter valued at about $119,794,000. Finally, Elyxium Wealth LLC purchased a new position in Avantis International Equity ETF in the fourth quarter valued at about $7,587,000.

Avantis International Equity ETF Price Performance

AVDE opened at $90.08 on Tuesday. The business’s 50-day moving average is $87.50 and its two-hundred day moving average is $85.39. Avantis International Equity ETF has a 1 year low of $71.24 and a 1 year high of $92.60. The firm has a market capitalization of $15.82 billion, a PE ratio of 14.71 and a beta of 0.78.

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.