Avantis International Equity ETF (NYSEARCA:AVDE) Sees Unusually-High Trading Volume – What’s Next?

Avantis International Equity ETF (NYSEARCA:AVDE) saw unusually-strong trading volume on Thursday . Approximately 613,992 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 254,282 shares.The stock last traded at $65.62 and had previously closed at $65.61.

Avantis International Equity ETF Stock Performance

The company has a 50 day moving average of $65.44 and a two-hundred day moving average of $64.09. The stock has a market cap of $4.56 billion, a PE ratio of 11.74 and a beta of 0.82.

Hedge Funds Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of AVDE. USAdvisors Wealth Management LLC increased its stake in Avantis International Equity ETF by 1.0% during the 1st quarter. USAdvisors Wealth Management LLC now owns 16,790 shares of the company’s stock worth $1,072,000 after buying an additional 168 shares in the last quarter. Aprio Wealth Management LLC grew its position in shares of Avantis International Equity ETF by 2.8% in the third quarter. Aprio Wealth Management LLC now owns 6,210 shares of the company’s stock valued at $416,000 after purchasing an additional 170 shares in the last quarter. Private Wealth Management Group LLC grew its position in shares of Avantis International Equity ETF by 1.8% in the first quarter. Private Wealth Management Group LLC now owns 9,594 shares of the company’s stock valued at $612,000 after purchasing an additional 174 shares in the last quarter. Transcendent Capital Group LLC grew its position in shares of Avantis International Equity ETF by 0.5% in the first quarter. Transcendent Capital Group LLC now owns 39,393 shares of the company’s stock valued at $2,511,000 after purchasing an additional 211 shares in the last quarter. Finally, NBC Securities Inc. grew its position in shares of Avantis International Equity ETF by 17.6% in the third quarter. NBC Securities Inc. now owns 1,471 shares of the company’s stock valued at $98,000 after purchasing an additional 220 shares in 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.