Avantis International Equity ETF (NYSEARCA:AVDE) Shares Cross Above 200 Day Moving Average – Should You Sell?

Avantis International Equity ETF (NYSEARCA:AVDE)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $89.82 and traded as high as $91.02. Avantis International Equity ETF shares last traded at $90.99, with a volume of 1,073,363 shares changing hands.

Avantis International Equity ETF Stock Up 2.4%

The business has a fifty day moving average of $91.14 and a 200 day moving average of $89.82. The firm has a market cap of $19.82 billion, a P/E ratio of 14.71 and a beta of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVDE. Envestnet Asset Management Inc. raised its stake in shares of Avantis International Equity ETF by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 5,248,750 shares of the company’s stock valued at $468,190,000 after acquiring an additional 332,230 shares during the period. Bank of America Corp DE increased its stake in Avantis International Equity ETF by 32.4% in the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after buying an additional 979,961 shares during the period. PNC Financial Services Group Inc. increased its stake in Avantis International Equity ETF by 5.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,096,165 shares of the company’s stock worth $262,679,000 after buying an additional 169,759 shares during the period. Rockwood Wealth Management LLC increased its position in shares of Avantis International Equity ETF by 2.5% during the first quarter. Rockwood Wealth Management LLC now owns 3,008,115 shares of the company’s stock worth $255,208,000 after acquiring an additional 72,655 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of Avantis International Equity ETF by 267.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,704,275 shares of the company’s stock valued at $153,572,000 after acquiring an additional 1,240,077 shares in the last quarter.

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.