Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 12-Month High – Here’s What Happened

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price hit a new 52-week high on Monday . The stock traded as high as $85.07 and last traded at $85.1090, with a volume of 63018 shares trading hands. The stock had previously closed at $84.64.

Avantis International Equity ETF Stock Up 0.6%

The business has a 50-day simple moving average of $81.14 and a 200-day simple moving average of $78.37. The company has a market cap of $12.14 billion, a PE ratio of 14.71 and a beta of 0.84.

Institutional Investors Weigh In On Avantis International Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services purchased a new position in Avantis International Equity ETF during the second quarter valued at $25,000. Evolution Wealth Management Inc. purchased a new position in Avantis International Equity ETF in the 2nd quarter valued at about $32,000. US Bancorp DE purchased a new position in Avantis International Equity ETF in the 3rd quarter valued at about $47,000. AdvisorNet Financial Inc boosted its holdings in Avantis International Equity ETF by 234.4% in the 2nd quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after buying an additional 450 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in Avantis International Equity ETF during the 2nd quarter worth approximately $57,000.

About Avantis International Equity ETF

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.