Ariadne Wealth Management LP Cuts Stock Holdings in Avantis International Equity ETF $AVDE

Ariadne Wealth Management LP decreased its stake in shares of Avantis International Equity ETF (NYSEARCA:AVDE) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,337 shares of the company’s stock after selling 7,623 shares during the quarter. Avantis International Equity ETF makes up 2.9% of Ariadne Wealth Management LP’s portfolio, making the stock its 5th largest position. Ariadne Wealth Management LP owned 0.06% of Avantis International Equity ETF worth $6,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in shares of Avantis International Equity ETF by 357.3% during the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after acquiring an additional 3,853,677 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in Avantis International Equity ETF in the third quarter worth approximately $232,644,000. Envestnet Asset Management Inc. grew its stake in 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 purchasing an additional 2,377,932 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Avantis International Equity ETF by 345.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock worth $208,276,000 after purchasing an additional 2,046,558 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Avantis International Equity ETF by 134.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock worth $213,301,000 after purchasing an additional 1,552,177 shares during the period.

Avantis International Equity ETF Stock Up 0.4%

Shares of NYSEARCA AVDE opened at $85.63 on Wednesday. Avantis International Equity ETF has a twelve month low of $58.56 and a twelve month high of $92.60. The firm has a market cap of $12.91 billion, a PE ratio of 14.71 and a beta of 0.84. The business has a fifty day simple moving average of $87.85 and a two-hundred day simple moving average of $82.67.

Avantis International Equity ETF Company 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.