Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 1-Year High – Time to Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) shares reached a new 52-week high on Wednesday . The stock traded as high as $94.31 and last traded at $94.21, with a volume of 36747 shares traded. The stock had previously closed at $93.57.

Avantis International Equity ETF Trading Up 0.1%

The company’s 50 day moving average price is $90.31 and its two-hundred day moving average price is $89.25. The firm has a market cap of $18.76 billion, a PE ratio of 14.71 and a beta of 0.78.

Hedge Funds Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of AVDE. Compass Financial Management LLC bought a new position in shares of Avantis International Equity ETF in the second quarter worth about $1,163,000. Abound Wealth Management bought a new position in shares of Avantis International Equity ETF during the 2nd quarter valued at approximately $44,000. Canvas Wealth Advisors LLC increased its holdings in Avantis International Equity ETF by 4.5% in the 2nd quarter. Canvas Wealth Advisors LLC now owns 185,740 shares of the company’s stock worth $16,568,000 after acquiring an additional 8,073 shares in the last quarter. Lam Group Inc. increased its holdings in Avantis International Equity ETF by 9.4% in the 2nd quarter. Lam Group Inc. now owns 24,665 shares of the company’s stock worth $2,200,000 after acquiring an additional 2,115 shares in the last quarter. Finally, Prosperity Planning Inc. increased its holdings in Avantis International Equity ETF by 1.8% in the 2nd quarter. Prosperity Planning Inc. now owns 28,436 shares of the company’s stock worth $2,537,000 after acquiring an additional 501 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.