Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 52-Week High – Should You Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) hit a new 52-week high during trading on Tuesday . The company traded as high as $94.64 and last traded at $94.56, with a volume of 230617 shares changing hands. The stock had previously closed at $94.05.

Avantis International Equity ETF Stock Performance

The company’s fifty day moving average is $90.99 and its two-hundred day moving average is $89.56. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in shares of Avantis International Equity ETF by 19.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after purchasing an additional 30,539 shares during the last quarter. Elyxium Wealth LLC purchased a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at about $7,587,000. UBS Group AG boosted its position in shares of Avantis International Equity ETF by 8.6% in the 4th quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock valued at $87,365,000 after purchasing an additional 83,675 shares during the period. Greenwich Wealth Management LLC boosted its position in shares of Avantis International Equity ETF by 25.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 59,999 shares of the company’s stock valued at $4,939,000 after purchasing an additional 12,333 shares during the period. Finally, Clarion Wealth Managment Partners LLC grew its stake in Avantis International Equity ETF by 89.4% during the 4th quarter. Clarion Wealth Managment Partners LLC now owns 84,220 shares of the company’s stock worth $6,933,000 after buying an additional 39,760 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.