Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Sees Large Volume Increase – Time to Buy?

Avantis International Small Cap Value ETF (NYSEARCA:AVDV) shares saw unusually-high trading volume on Thursday . 689,507 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 813,974 shares.The stock last traded at $104.20 and had previously closed at $102.22.

Avantis International Small Cap Value ETF Price Performance

The stock has a 50-day moving average price of $105.59 and a 200-day moving average price of $104.47. The company has a market capitalization of $18.86 billion, a P/E ratio of 10.39 and a beta of 0.77.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AVDV. RHL Group LLC acquired a new position in shares of Avantis International Small Cap Value ETF in the 4th quarter worth approximately $39,000. Rogco LP acquired a new stake in shares of Avantis International Small Cap Value ETF during the fourth quarter worth $40,000. Sunbelt Securities Inc. raised its stake in Avantis International Small Cap Value ETF by 1,739.1% during the fourth quarter. Sunbelt Securities Inc. now owns 423 shares of the company’s stock worth $40,000 after buying an additional 400 shares during the last quarter. Monetary Solutions Ltd bought a new position in Avantis International Small Cap Value ETF during the fourth quarter worth $43,000. Finally, Sound Income Strategies LLC lifted its holdings in Avantis International Small Cap Value ETF by 111.7% in the first quarter. Sound Income Strategies LLC now owns 436 shares of the company’s stock valued at $44,000 after buying an additional 230 shares during the period.

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.