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

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price reached a new 52-week high on Thursday . The stock traded as high as $67.87 and last traded at $67.18, with a volume of 432290 shares changing hands. The stock had previously closed at $67.55.

Avantis International Equity ETF Price Performance

The business’s 50-day moving average price is $63.98 and its 200-day moving average price is $64.34. The firm has a market capitalization of $5.99 billion, a PE ratio of 15.30 and a beta of 0.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strategic Financial Concepts LLC increased its stake in shares of Avantis International Equity ETF by 7,432.5% during the fourth quarter. Strategic Financial Concepts LLC now owns 6,117,174 shares of the company’s stock worth $375,411,000 after acquiring an additional 6,035,964 shares during the period. Corient Private Wealth LLC boosted its holdings in Avantis International Equity ETF by 15.4% in the 4th quarter. Corient Private Wealth LLC now owns 3,384,651 shares of the company’s stock valued at $207,716,000 after purchasing an additional 450,656 shares in the last quarter. Rockwood Wealth Management LLC increased its position in Avantis International Equity ETF by 7.3% during the 4th quarter. Rockwood Wealth Management LLC now owns 2,657,033 shares of the company’s stock worth $162,903,000 after purchasing an additional 181,222 shares during the period. HighTower Advisors LLC raised its stake in shares of Avantis International Equity ETF by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 2,445,508 shares of the company’s stock worth $150,081,000 after buying an additional 37,094 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Avantis International Equity ETF by 30.4% in the 4th quarter. American Century Companies Inc. now owns 2,219,381 shares of the company’s stock valued at $136,203,000 after buying an additional 517,942 shares during the period.

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.