Burk Holdings LLC Takes $6.71 Million Position in Avantis International Equity ETF $AVDE

Burk Holdings LLC acquired a new position in shares of Avantis International Equity ETF (NYSEARCA:AVDE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 90,692 shares of the company’s stock, valued at approximately $6,712,000. Avantis International Equity ETF makes up about 4.2% of Burk Holdings LLC’s investment portfolio, making the stock its 8th biggest position. Burk Holdings LLC owned about 0.08% of Avantis International Equity ETF at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in Avantis International Equity ETF by 67.2% during the 2nd quarter. American Century Companies Inc. now owns 3,376,257 shares of the company’s stock worth $249,877,000 after buying an additional 1,357,155 shares during the period. HighTower Advisors LLC raised its position in shares of Avantis International Equity ETF by 3.4% during the first quarter. HighTower Advisors LLC now owns 2,529,397 shares of the company’s stock worth $167,623,000 after purchasing an additional 83,889 shares during the period. Maseco LLP acquired a new position in shares of Avantis International Equity ETF during the second quarter worth approximately $129,140,000. Envestnet Asset Management Inc. lifted its holdings in shares of Avantis International Equity ETF by 22.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,690,757 shares of the company’s stock worth $125,133,000 after purchasing an additional 313,133 shares in the last quarter. Finally, LPL Financial LLC grew its position in Avantis International Equity ETF by 9.4% in the 1st quarter. LPL Financial LLC now owns 1,679,578 shares of the company’s stock valued at $111,306,000 after purchasing an additional 144,363 shares during the period.

Avantis International Equity ETF Trading Up 1.3%

Shares of AVDE stock opened at $78.23 on Monday. The firm has a fifty day simple moving average of $79.14 and a two-hundred day simple moving average of $76.04. Avantis International Equity ETF has a 12 month low of $58.56 and a 12 month high of $81.28. The firm has a market capitalization of $10.22 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.