91,320 Shares in Avantis International Equity ETF $AVDE Bought by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC bought a new stake in Avantis International Equity ETF (NYSEARCA:AVDE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 91,320 shares of the company’s stock, valued at approximately $7,517,000. Avantis International Equity ETF comprises approximately 2.0% of Cerro Pacific Wealth Advisors LLC’s holdings, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Avantis International Equity ETF by 357.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after acquiring an additional 3,853,677 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Avantis International Equity ETF in the third quarter valued at approximately $232,644,000. Envestnet Asset Management Inc. boosted its holdings 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 valued at $321,020,000 after purchasing an additional 2,377,932 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after purchasing an additional 2,046,558 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Avantis International Equity ETF by 134.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock valued at $213,301,000 after purchasing an additional 1,552,177 shares during the last quarter.

Avantis International Equity ETF Trading Down 1.3%

AVDE stock opened at $88.19 on Tuesday. The stock has a market cap of $15.49 billion, a P/E ratio of 14.71 and a beta of 0.78. Avantis International Equity ETF has a twelve month low of $69.62 and a twelve month high of $92.60. The company’s 50 day moving average is $87.49 and its two-hundred day moving average is $84.61.

Avantis International Equity ETF 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.