Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 52-Week High – Here’s Why

Avantis International Equity ETF (NYSEARCA:AVDE)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $81.42 and last traded at $81.4550, with a volume of 41036 shares changing hands. The stock had previously closed at $81.10.

Avantis International Equity ETF Stock Performance

The firm has a market capitalization of $10.63 billion, a PE ratio of 14.71 and a beta of 0.84. The stock’s 50-day simple moving average is $79.40 and its 200-day simple moving average is $76.55.

Institutional Trading of Avantis International Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Glassman Wealth Services purchased a new position in shares of Avantis International Equity ETF during the 2nd quarter worth approximately $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Avantis International Equity ETF during the second quarter valued at approximately $32,000. US Bancorp DE purchased a new stake in Avantis International Equity ETF in the third quarter worth $47,000. AdvisorNet Financial Inc raised its holdings in Avantis International Equity ETF by 234.4% in the second quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in Avantis International Equity ETF during the second quarter valued at $57,000.

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.