Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 12-Month High – Still a Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) hit a new 52-week high during trading on Tuesday . The company traded as high as $82.93 and last traded at $82.9080, with a volume of 102881 shares changing hands. The stock had previously closed at $82.58.

Avantis International Equity ETF Price Performance

The firm has a market cap of $10.83 billion, a P/E ratio of 14.71 and a beta of 0.84. The company’s 50-day moving average is $80.45 and its two-hundred day moving average is $77.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Comerica Bank grew its position in shares of Avantis International Equity ETF by 4.9% during the 1st quarter. Comerica Bank now owns 32,952 shares of the company’s stock worth $2,184,000 after buying an additional 1,540 shares during the period. Ieq Capital LLC bought a new stake in Avantis International Equity ETF during the 1st quarter worth approximately $259,000. Baird Financial Group Inc. increased its holdings in Avantis International Equity ETF by 32.6% during the 1st quarter. Baird Financial Group Inc. now owns 6,845 shares of the company’s stock worth $454,000 after purchasing an additional 1,684 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Avantis International Equity ETF by 123.9% in the first quarter. Royal Bank of Canada now owns 80,754 shares of the company’s stock worth $5,352,000 after purchasing an additional 44,683 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC grew its position in Avantis International Equity ETF by 15.0% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 258,530 shares of the company’s stock worth $17,133,000 after purchasing an additional 33,637 shares in 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.