Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 12-Month High – Here’s What Happened

Avantis International Equity ETF (NYSEARCA:AVDE) shares hit a new 52-week high during trading on Monday . The company traded as high as $85.07 and last traded at $85.1090, with a volume of 63018 shares. The stock had previously closed at $84.64.

Avantis International Equity ETF Stock Performance

The firm has a market cap of $12.24 billion, a P/E ratio of 14.71 and a beta of 0.84. The company has a 50-day moving average of $81.38 and a 200 day moving average of $78.53.

Institutional Investors Weigh In On Avantis International Equity ETF

Hedge funds have recently made changes to their positions in the company. Glassman Wealth Services bought a new position in Avantis International Equity ETF in the 2nd quarter valued at $25,000. Evolution Wealth Management Inc. acquired a new position in Avantis International Equity ETF during the 2nd quarter worth about $32,000. US Bancorp DE bought a new stake in Avantis International Equity ETF during the 3rd quarter worth about $47,000. AdvisorNet Financial Inc grew its holdings in Avantis International Equity ETF by 234.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after acquiring an additional 450 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in Avantis International Equity ETF in the 2nd quarter valued at about $57,000.

About Avantis International Equity ETF

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.