Avantis International Equity ETF (NYSEARCA:AVDE) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Avantis International Equity ETF (NYSEARCA:AVDE)’s stock price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $89.68 and traded as high as $89.81. Avantis International Equity ETF shares last traded at $89.69, with a volume of 801,572 shares changing hands.

Avantis International Equity ETF Stock Performance

The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 14.71 and a beta of 0.79. The company has a 50-day moving average of $91.50 and a 200-day moving average of $89.73.

Hedge Funds Weigh In On Avantis International Equity ETF

Several large investors have recently modified their holdings of the stock. HB Wealth Management LLC grew its position in shares of Avantis International Equity ETF by 1.7% during the 2nd quarter. HB Wealth Management LLC now owns 1,693,261 shares of the company’s stock valued at $151,039,000 after buying an additional 28,334 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of Avantis International Equity ETF by 41.4% during the second quarter. Waverly Advisors LLC now owns 1,222,477 shares of the company’s stock valued at $109,045,000 after acquiring an additional 357,998 shares during the period. Activest Wealth Management grew its holdings in Avantis International Equity ETF by 10.8% during the third quarter. Activest Wealth Management now owns 182,992 shares of the company’s stock worth $16,489,000 after acquiring an additional 17,808 shares during the period. World Investment Advisors grew its position in Avantis International Equity ETF by 6.3% in the first quarter. World Investment Advisors now owns 208,978 shares of the company’s stock worth $17,730,000 after buying an additional 12,369 shares during the last quarter. Finally, RVW Wealth LLC increased its stake in Avantis International Equity ETF by 21.8% in the 3rd quarter. RVW Wealth LLC now owns 356,653 shares of the company’s stock worth $32,138,000 after purchasing an additional 63,854 shares in 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.