Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 12-Month High – Time to Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $89.00 and last traded at $88.7520, with a volume of 65062 shares trading hands. The stock had previously closed at $87.89.

Avantis International Equity ETF Trading Up 2.3%

The stock has a 50 day moving average of $84.02 and a 200-day moving average of $80.07. The stock has a market capitalization of $13.40 billion, a P/E ratio of 14.71 and a beta of 0.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glassman Wealth Services purchased a new stake in Avantis International Equity ETF in the second quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in shares of Avantis International Equity ETF in the 2nd quarter valued at $32,000. US Bancorp DE acquired a new position in Avantis International Equity ETF in the 3rd quarter worth about $47,000. Investment Research & Advisory Group Inc. acquired a new position in Avantis International Equity ETF during the fourth quarter worth $48,000. Finally, Bessemer Group Inc. acquired a new position in shares of Avantis International Equity ETF during the 2nd quarter worth about $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.