Avantis International Equity ETF (NYSEARCA:AVDE) Sees Strong Trading Volume – Still a Buy?

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) saw unusually-strong trading volume on Friday . Approximately 802,729 shares were traded during trading, an increase of 86% from the previous session’s volume of 430,845 shares.The stock last traded at $62.26 and had previously closed at $61.86.

Avantis International Equity ETF Stock Up 0.5 %

The company has a 50-day moving average of $62.63 and a two-hundred day moving average of $63.90. The company has a market capitalization of $4.30 billion, a P/E ratio of 11.74 and a beta of 0.82.

Institutional Investors Weigh In On Avantis International Equity ETF

Hedge funds have recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates bought a new stake in Avantis International Equity ETF in the fourth quarter worth $32,000. Voisard Asset Management Group Inc. bought a new stake in Avantis International Equity ETF in the third quarter worth $41,000. NBC Securities Inc. boosted its holdings in Avantis International Equity ETF by 17.6% in the third quarter. NBC Securities Inc. now owns 1,471 shares of the company’s stock worth $98,000 after acquiring an additional 220 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Avantis International Equity ETF in the third quarter worth $106,000. Finally, EnRich Financial Partners LLC boosted its holdings in 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 worth $172,000 after acquiring an additional 380 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.