ESL Trust Services LLC reported a decrease in its holdings of Avantis International Equity ETF (NYSEARCA: AVDE) during the third quarter. The firm sold 10,196 shares, bringing its total ownership to 724,307 shares as per the latest SEC filing.
This transaction reflects a 1.4% reduction in the institutional investor’s position in the ETF over the quarter.
**Why this matters**
Changes in holdings by institutional investors like ESL Trust Services LLC can signal shifts in market sentiment or portfolio strategy. Monitoring such activity helps investors gauge confidence levels and potential future movements in the ETF’s performance.
Source: NewsData