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

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $91.54 and last traded at $91.3330, with a volume of 1055962 shares trading hands. The stock had previously closed at $90.77.

Avantis International Equity ETF Trading Up 0.8%

The company has a market capitalization of $13.80 billion, a PE ratio of 14.71 and a beta of 0.84. The stock’s fifty day moving average is $85.71 and its two-hundred day moving average is $81.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glassman Wealth Services bought a new stake in shares of Avantis International Equity ETF in the 2nd quarter worth approximately $25,000. Hantz Financial Services Inc. purchased a new stake in Avantis International Equity ETF in the fourth quarter worth $29,000. Evolution Wealth Management Inc. bought a new stake in shares of Avantis International Equity ETF in the second quarter valued at $32,000. RHL Group LLC purchased a new position in shares of Avantis International Equity ETF during the 4th quarter valued at $38,000. Finally, US Bancorp DE bought a new position in shares of Avantis International Equity ETF during the 3rd quarter worth $47,000.

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.