Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 1-Year High – Here’s What Happened

Avantis International Equity ETF (NYSEARCA:AVDE) shares hit a new 52-week high on Wednesday . The stock traded as high as $94.31 and last traded at $94.21, with a volume of 36747 shares trading hands. The stock had previously closed at $93.57.

Avantis International Equity ETF Price Performance

The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The stock’s 50 day simple moving average is $90.20 and its 200-day simple moving average is $89.14.

Institutional Investors Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Align Financial LLC bought a new stake in shares of Avantis International Equity ETF during the 4th quarter worth about $1,117,525,000. Corient Private Wealth LLC raised its stake in shares of Avantis International Equity ETF by 61.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after acquiring an additional 2,219,229 shares in the last quarter. Maseco LLP acquired a new stake in Avantis International Equity ETF in the 1st quarter worth approximately $166,156,000. Advance Capital Management Inc. lifted its holdings in Avantis International Equity ETF by 1,709.5% in the 1st quarter. Advance Capital Management Inc. now owns 1,732,496 shares of the company’s stock worth $146,985,000 after purchasing an additional 1,636,753 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Avantis International Equity ETF by 134.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock worth $213,301,000 after purchasing an additional 1,552,177 shares during the period.

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.