Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Avantis International Small Cap Value ETF (NYSEARCA:AVDV) saw an uptick in trading volume on Thursday . 1,252,579 shares traded hands during trading, an increase of 52% from the previous session’s volume of 823,573 shares.The stock last traded at $108.28 and had previously closed at $108.06.

Avantis International Small Cap Value ETF Stock Performance

The company’s 50-day moving average is $105.29 and its 200-day moving average is $104.76. The firm has a market cap of $19.57 billion, a price-to-earnings ratio of 10.39 and a beta of 0.77.

Hedge Funds Weigh In On Avantis International Small Cap Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Lam Group Inc. increased its position in shares of Avantis International Small Cap Value ETF by 10.1% in the 2nd quarter. Lam Group Inc. now owns 22,885 shares of the company’s stock valued at $2,358,000 after buying an additional 2,105 shares in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of Avantis International Small Cap Value ETF in the 2nd quarter valued at about $236,000. Exchange Bank lifted its position in shares of Avantis International Small Cap Value ETF by 13.1% in the second quarter. Exchange Bank now owns 8,379 shares of the company’s stock worth $863,000 after purchasing an additional 970 shares in the last quarter. Worth Asset Management LLC bought a new position in Avantis International Small Cap Value ETF in the second quarter valued at approximately $207,000. Finally, Emprise Bank increased its stake in shares of Avantis International Small Cap Value ETF by 2.6% during the 2nd quarter. Emprise Bank now owns 295,845 shares of the company’s stock worth $30,487,000 after purchasing an additional 7,460 shares during 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.