Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 52-Week High – What’s Next?

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $82.78 and last traded at $82.7060, with a volume of 42411 shares changing hands. The stock had previously closed at $82.69.

Avantis International Equity ETF Price Performance

The firm has a 50-day moving average of $80.18 and a 200-day moving average of $77.46. The stock has a market cap of $10.80 billion, a PE ratio of 14.71 and a beta of 0.84.

Hedge Funds Weigh In On Avantis International Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of AVDE. Glassman Wealth Services bought a new stake in Avantis International Equity ETF in the 2nd quarter valued at $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Avantis International Equity ETF in the second quarter worth about $32,000. US Bancorp DE bought a new stake in shares of Avantis International Equity ETF in the third quarter worth about $47,000. AdvisorNet Financial Inc lifted its position in shares of Avantis International Equity ETF by 234.4% in the second quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after buying an additional 450 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in Avantis International Equity ETF during the 2nd quarter valued at approximately $57,000.

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.