Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Reaches New 12-Month High – What’s Next?

Shares of Avantis International Small Cap Value ETF (NYSEARCA:AVDV) reached a new 52-week high on Tuesday . The company traded as high as $110.77 and last traded at $110.77, with a volume of 52302 shares trading hands. The stock had previously closed at $108.27.

Avantis International Small Cap Value ETF Trading Down 0.6%

The stock has a 50 day moving average of $104.55 and a 200-day moving average of $100.40. The company has a market capitalization of $19.38 billion, a P/E ratio of 10.39 and a beta of 0.76.

Hedge Funds Weigh In On Avantis International Small Cap Value ETF

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Avantis International Small Cap Value ETF by 217.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,079 shares of the company’s stock valued at $641,000 after purchasing an additional 5,531 shares during the period. Ameriprise Financial Inc. purchased a new stake in Avantis International Small Cap Value ETF in the 2nd quarter worth $283,000. Captrust Financial Advisors raised its holdings in Avantis International Small Cap Value ETF by 9.0% during the second quarter. Captrust Financial Advisors now owns 14,880 shares of the company’s stock valued at $1,180,000 after acquiring an additional 1,233 shares during the period. Cloud Capital Management LLC lifted its position in shares of Avantis International Small Cap Value ETF by 20.0% in the third quarter. Cloud Capital Management LLC now owns 22,677 shares of the company’s stock valued at $2,018,000 after acquiring an additional 3,784 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Avantis International Small Cap Value ETF by 68.4% in the third quarter. Cornerstone Planning Group LLC now owns 933 shares of the company’s stock valued at $84,000 after acquiring an additional 379 shares in the last quarter.

About Avantis International Small Cap Value ETF

The Avantis International Small Cap Value ETF (AVDV) is an exchange-traded fund that is based on the MSCI World EX-U.S. Small Cap index. The fund is an actively-managed portfolio of non-US small-cap value companies in developed markets. AVDV was launched on Sep 24, 2019 and is managed by American Century Investments.