Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 1-Year High – Should You Buy?

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $83.17 and last traded at $83.3480, with a volume of 813374 shares trading hands. The stock had previously closed at $82.32.

Avantis International Equity ETF Stock Up 0.9%

The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84. The stock’s 50-day simple moving average is $80.71 and its 200 day simple moving average is $77.97.

Institutional Investors Weigh In On Avantis International Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of AVDE. Financial Futures Ltd Liability Co. boosted its stake in Avantis International Equity ETF by 0.9% in the third quarter. Financial Futures Ltd Liability Co. now owns 13,631 shares of the company’s stock worth $1,075,000 after purchasing an additional 125 shares in the last quarter. Aire Advisors LLC raised its holdings in shares of Avantis International Equity ETF by 0.4% in the second quarter. Aire Advisors LLC now owns 37,579 shares of the company’s stock valued at $2,781,000 after buying an additional 143 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Avantis International Equity ETF by 10.6% in the third quarter. IFP Advisors Inc now owns 1,591 shares of the company’s stock valued at $126,000 after buying an additional 152 shares during the last quarter. Clune & Associates LTD. lifted its position in Avantis International Equity ETF by 0.5% during the 3rd quarter. Clune & Associates LTD. now owns 29,472 shares of the company’s stock worth $2,325,000 after buying an additional 156 shares in the last quarter. Finally, USAdvisors Wealth Management LLC grew its holdings in Avantis International Equity ETF by 1.1% during the 2nd quarter. USAdvisors Wealth Management LLC now owns 15,390 shares of the company’s stock worth $1,139,000 after acquiring an additional 166 shares during the last quarter.

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.