ACT Advisors LLC. Trims Stake in Avantis International Equity ETF $AVDE

ACT Advisors LLC. cut its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 23.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,347 shares of the company’s stock after selling 92,335 shares during the period. Avantis International Equity ETF makes up approximately 9.8% of ACT Advisors LLC.’s investment portfolio, making the stock its 3rd largest holding. ACT Advisors LLC. owned about 0.25% of Avantis International Equity ETF worth $24,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BWM Planning LLC increased its stake in shares of Avantis International Equity ETF by 58.7% in the 2nd quarter. BWM Planning LLC now owns 262,780 shares of the company’s stock valued at $19,448,000 after acquiring an additional 97,229 shares during the last quarter. Assetmark Inc. grew its holdings in Avantis International Equity ETF by 433.2% during the second quarter. Assetmark Inc. now owns 997 shares of the company’s stock valued at $74,000 after purchasing an additional 810 shares during the period. Clear Point Advisors Inc. increased its stake in Avantis International Equity ETF by 14.2% in the second quarter. Clear Point Advisors Inc. now owns 20,376 shares of the company’s stock valued at $1,508,000 after purchasing an additional 2,532 shares in the last quarter. Cerity Partners LLC increased its stake in Avantis International Equity ETF by 5.2% in the second quarter. Cerity Partners LLC now owns 691,229 shares of the company’s stock valued at $51,158,000 after purchasing an additional 33,920 shares in the last quarter. Finally, Bank of New Hampshire acquired a new stake in Avantis International Equity ETF in the second quarter worth $119,000.

Avantis International Equity ETF Trading Up 0.7%

AVDE stock opened at $81.69 on Friday. Avantis International Equity ETF has a 1-year low of $58.56 and a 1-year high of $82.78. The firm has a market cap of $10.67 billion, a PE ratio of 14.71 and a beta of 0.84. The business’s 50-day moving average price is $80.02 and its two-hundred day moving average price is $77.28.

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.