Cannon Financial Strategists Inc. Makes New $15.98 Million Investment in Avantis International Equity ETF (NYSEARCA:AVDE)

Cannon Financial Strategists Inc. bought a new position in Avantis International Equity ETF (NYSEARCA:AVDE) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 256,598 shares of the company’s stock, valued at approximately $15,976,000. Avantis International Equity ETF comprises approximately 3.0% of Cannon Financial Strategists Inc.’s holdings, making the stock its 10th largest holding. Cannon Financial Strategists Inc. owned approximately 0.37% of Avantis International Equity ETF as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AVDE. Strategic Financial Concepts LLC raised its holdings in shares of Avantis International Equity ETF by 7,831.7% during the second quarter. Strategic Financial Concepts LLC now owns 4,744,841 shares of the company’s stock valued at $295,414,000 after purchasing an additional 4,685,020 shares during the last quarter. Annex Advisory Services LLC increased its holdings in Avantis International Equity ETF by 115.1% during the second quarter. Annex Advisory Services LLC now owns 4,464,935 shares of the company’s stock valued at $277,987,000 after buying an additional 2,389,558 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in Avantis International Equity ETF during the second quarter valued at approximately $27,515,000. Wealth Enhancement Advisory Services LLC increased its holdings in Avantis International Equity ETF by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,109,921 shares of the company’s stock valued at $261,966,000 after buying an additional 316,020 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Avantis International Equity ETF during the second quarter valued at approximately $11,655,000.

Avantis International Equity ETF Trading Down 0.6 %

Shares of AVDE stock opened at $66.64 on Wednesday. Avantis International Equity ETF has a 12 month low of $52.86 and a 12 month high of $67.83. The stock has a market cap of $4.61 billion, a P/E ratio of 11.74 and a beta of 0.82. The company has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $63.87.

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.