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

Avantis International Equity ETF (NYSEARCA:AVDE)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.50 and last traded at $87.06, with a volume of 1667729 shares trading hands. The stock had previously closed at $86.64.

Avantis International Equity ETF Price Performance

The stock has a market capitalization of $12.75 billion, a PE ratio of 14.71 and a beta of 0.84. The firm has a fifty day moving average price of $82.44 and a two-hundred day moving average price of $79.27.

Institutional Trading of Avantis International Equity ETF

A number of large investors have recently made changes to their positions in AVDE. Ameriprise Financial Inc. increased its stake in Avantis International Equity ETF by 357.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock worth $388,855,000 after buying an additional 3,853,677 shares during the period. Vantagepoint Investment Advisers LLC purchased a new position in shares of Avantis International Equity ETF during the third quarter worth approximately $232,644,000. Envestnet Asset Management Inc. raised its stake in shares of Avantis International Equity ETF by 140.6% during the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after acquiring an additional 2,377,932 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after purchasing an additional 2,046,558 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Avantis International Equity ETF by 134.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock valued at $213,301,000 after purchasing an additional 1,552,177 shares during the period.

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.