Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 1-Year High – What’s Next?

Avantis International Equity ETF (NYSEARCA:AVDE)’s stock price hit a new 52-week high on Monday . The company traded as high as $68.04 and last traded at $67.98, with a volume of 11567 shares changing hands. The stock had previously closed at $67.46.

Avantis International Equity ETF Trading Up 0.2 %

The business’s 50-day moving average is $64.75 and its two-hundred day moving average is $64.39. The firm has a market cap of $6.15 billion, a P/E ratio of 14.81 and a beta of 0.91.

Institutional Investors Weigh In On Avantis International Equity ETF

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Avantis International Equity ETF by 7.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,890,241 shares of the company’s stock valued at $300,114,000 after buying an additional 337,019 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of Avantis International Equity ETF by 56.1% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 10,404 shares of the company’s stock valued at $638,000 after buying an additional 3,737 shares during the last quarter. Bannerman Wealth Management Group LLC bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $545,000. Arcadia Wealth Management Inc. bought a new stake in shares of Avantis International Equity ETF during the 4th quarter valued at about $2,413,000. Finally, Park Square Financial Group LLC bought a new position in Avantis International Equity ETF in the 4th quarter worth about $77,000.

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.