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

Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $94.31 and last traded at $94.21, with a volume of 36747 shares traded. The stock had previously closed at $93.57.

Avantis International Equity ETF Price Performance

The firm has a market capitalization of $18.73 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The firm’s fifty day moving average is $90.20 and its 200 day moving average is $89.14.

Institutional Investors Weigh In On Avantis International Equity ETF

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of Avantis International Equity ETF by 123.9% during the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock worth $5,352,000 after acquiring an additional 44,683 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Avantis International Equity ETF by 49.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,692 shares of the company’s stock worth $443,000 after purchasing an additional 2,206 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Avantis International Equity ETF by 22.3% during the 2nd quarter. Cetera Investment Advisers now owns 4,756 shares of the company’s stock worth $352,000 after purchasing an additional 868 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Avantis International Equity ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 7,011 shares of the company’s stock valued at $519,000 after buying an additional 166 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Avantis International Equity ETF by 48.1% during the 2nd quarter. Quantinno Capital Management LP now owns 6,013 shares of the company’s stock valued at $445,000 after buying an additional 1,954 shares during the last quarter.

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.