Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 12-Month High – What’s Next?

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high during trading on Monday . The stock traded as high as $74.53 and last traded at $74.41, with a volume of 53132 shares trading hands. The stock had previously closed at $73.67.

Avantis International Equity ETF Price Performance

The business’s 50-day moving average is $70.23 and its 200 day moving average is $66.32. The firm has a market capitalization of $7.10 billion, a P/E ratio of 14.90 and a beta of 0.84.

Institutional Investors Weigh In On Avantis International Equity ETF

Institutional investors have recently made changes to their positions in the stock. HB Wealth Management LLC raised its holdings in Avantis International Equity ETF by 27,747.4% in the 1st quarter. HB Wealth Management LLC now owns 2,007,800 shares of the company’s stock valued at $133,057,000 after acquiring an additional 2,000,590 shares in the last quarter. Jane Street Group LLC lifted its position in Avantis International Equity ETF by 472.4% during the first quarter. Jane Street Group LLC now owns 850,000 shares of the company’s stock worth $56,330,000 after purchasing an additional 701,500 shares during the period. Cerity Partners LLC acquired a new stake in Avantis International Equity ETF during the fourth quarter worth about $41,163,000. Bank of America Corp DE raised its position in shares of Avantis International Equity ETF by 98.6% in the 4th quarter. Bank of America Corp DE now owns 1,337,513 shares of the company’s stock valued at $82,083,000 after buying an additional 664,014 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Avantis International Equity ETF during the 4th quarter worth approximately $37,197,000.

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.