Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 52-Week High – Still a Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $92.39 and last traded at $92.28, with a volume of 748340 shares. The stock had previously closed at $91.47.

Avantis International Equity ETF Stock Down 0.0%

The stock’s 50 day moving average is $86.94 and its 200-day moving average is $81.78. The company has a market cap of $13.90 billion, a PE ratio of 14.71 and a beta of 0.84.

Institutional Trading of Avantis International Equity ETF

A number of institutional investors have recently bought and sold shares of the stock. BWM Planning LLC increased its stake in shares of Avantis International Equity ETF by 58.7% in the second quarter. BWM Planning LLC now owns 262,780 shares of the company’s stock worth $19,448,000 after acquiring an additional 97,229 shares during the period. Assetmark Inc. boosted its holdings in Avantis International Equity ETF by 433.2% in the second quarter. Assetmark Inc. now owns 997 shares of the company’s stock valued at $74,000 after purchasing an additional 810 shares during the last quarter. Great Point Wealth Advisors LLC acquired a new stake in Avantis International Equity ETF during the 3rd quarter worth about $6,500,000. Advyzon Investment Management LLC raised its stake in shares of Avantis International Equity ETF by 110.2% during the 3rd quarter. Advyzon Investment Management LLC now owns 47,714 shares of the company’s stock valued at $3,765,000 after buying an additional 25,013 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Avantis International Equity ETF by 5.2% during the 2nd quarter. Cerity Partners LLC now owns 691,229 shares of the company’s stock valued at $51,158,000 after buying an additional 33,920 shares during the last quarter.

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.