Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Volume Increase – Here’s Why

Avantis International Equity ETF (NYSEARCA:AVDEGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 685,239 shares traded hands during mid-day trading, an increase of 157% from the previous session’s volume of 267,031 shares.The stock last traded at $61.36 and had previously closed at $61.31.

Avantis International Equity ETF Price Performance

The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The company’s 50 day moving average is $63.50 and its 200 day moving average is $64.05.

Hedge Funds Weigh In On Avantis International Equity ETF

Several hedge funds have recently bought and sold shares of AVDE. Voisard Asset Management Group Inc. acquired a new position in Avantis International Equity ETF during the third quarter worth about $41,000. NBC Securities Inc. increased its position in Avantis International Equity ETF by 17.6% during the third quarter. NBC Securities Inc. now owns 1,471 shares of the company’s stock worth $98,000 after buying an additional 220 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Avantis International Equity ETF in the third quarter worth $106,000. EnRich Financial Partners LLC lifted its position in shares of Avantis International Equity ETF by 17.4% in the third quarter. EnRich Financial Partners LLC now owns 2,560 shares of the company’s stock valued at $172,000 after acquiring an additional 380 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Avantis International Equity ETF during the second quarter valued at $214,000.

Avantis International Equity ETF Company Profile

(Get Free Report)

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.

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