Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 52-Week High – Time to Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.93 and last traded at $82.9080, with a volume of 102881 shares trading hands. The stock had previously closed at $82.58.

Avantis International Equity ETF Trading Up 0.4%

The stock’s 50 day moving average is $80.45 and its two-hundred day moving average is $77.71. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84.

Institutional Trading of Avantis International Equity ETF

A number of institutional investors have recently made changes to their positions in AVDE. Ameriprise Financial Inc. increased its position in shares of Avantis International Equity ETF by 357.3% in the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after acquiring an additional 3,853,677 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of Avantis International Equity ETF during the 3rd quarter worth approximately $232,644,000. Envestnet Asset Management Inc. boosted its holdings in shares of Avantis International Equity ETF by 140.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after buying an additional 2,377,932 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Avantis International Equity ETF by 345.0% in the third quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after buying an additional 2,046,558 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of Avantis International Equity ETF in the second quarter valued at $129,140,000.

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.