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

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $7.44 and last traded at $78.8950, with a volume of 121702 shares trading hands. The stock had previously closed at $78.49.

Avantis International Equity ETF Price Performance

The stock has a market capitalization of $10.32 billion, a P/E ratio of 14.71 and a beta of 0.84. The company has a fifty day moving average of $78.62 and a two-hundred day moving average of $75.06.

Institutional Trading of Avantis International Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of AVDE. Vantagepoint Investment Advisers LLC acquired a new position in Avantis International Equity ETF in the third quarter valued at approximately $232,644,000. Envestnet Asset Management Inc. boosted its stake in Avantis International Equity ETF by 140.6% in the third quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after acquiring an additional 2,377,932 shares during the period. HB Wealth Management LLC boosted its stake in Avantis International Equity ETF by 27,747.4% in the first 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 during the period. Maseco LLP acquired a new position in Avantis International Equity ETF in the second quarter valued at approximately $129,140,000. Finally, American Century Companies Inc. boosted its stake in Avantis International Equity ETF by 67.2% in the second quarter. American Century Companies Inc. now owns 3,376,257 shares of the company’s stock valued at $249,877,000 after acquiring an additional 1,357,155 shares during the period.

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.