Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 52-Week High – Time to Buy?

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high during trading on Friday . The stock traded as high as $91.54 and last traded at $91.3330, with a volume of 1055962 shares trading hands. The stock had previously closed at $90.77.

Avantis International Equity ETF Stock Performance

The business’s fifty day moving average price is $85.71 and its two-hundred day moving average price is $81.08. The stock has a market capitalization of $13.80 billion, a P/E ratio of 14.71 and a beta of 0.84.

Hedge Funds Weigh In On Avantis International Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of AVDE. Glassman Wealth Services bought a new stake in shares of Avantis International Equity ETF in the 2nd quarter worth about $25,000. Hantz Financial Services Inc. purchased a new stake in Avantis International Equity ETF in the 4th quarter worth about $29,000. Evolution Wealth Management Inc. bought a new stake in Avantis International Equity ETF in the second quarter worth about $32,000. RHL Group LLC bought a new stake in Avantis International Equity ETF in the fourth quarter worth about $38,000. Finally, US Bancorp DE purchased a new position in shares of Avantis International Equity ETF during the third quarter valued at approximately $47,000.

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.