Investors continued to tilt toward Avantis ETFs, with Phillip James Consulting Co. announcing a 1Q purchase of 25,135 AVDE shares worth about $2.13 million, expanding AVDE into roughly 1.6% of its portfolio as its 20th largest position. PNC Financial Services Group Inc. boosted its AVDE stake by about 5.8% to 3,096,165 shares, valued at roughly $263 million, highlighting strong institutional demand for the international ETF. Fortis Capital Management LLC also expanded its exposure to Avantis Emerging Markets Equity ETF (AVEM), lifting its holdings by 190.2% to 20,284 shares valued at about $1.64 million in the first quarter. In AVEM, other institutions such as PNC, HORAN Wealth, Glenview Trust, Madison Asset Management, and Maimon Wealth Management increased or established stakes, signaling broad interest in the fund’s exposure to emerging markets. Separately, AVDE’s share activity included notable moves by Team Financial Group LLC and other small to mid-size investors, with AVDE opening around $90 and trading in a range consistent with its recent 52-week highs, while maintaining a market capitalization near $17.7 billion and a price-to-earnings ratio around 14.7. Overall, the filings reflect continued diversification of ETF holdings among large financial firms and a steady flow of new and increased positions in both AVDE and AVEM.