Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 12-Month High – Time to Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $94.64 and last traded at $94.56, with a volume of 230617 shares trading hands. The stock had previously closed at $94.05.

Avantis International Equity ETF Price Performance

The stock has a market capitalization of $18.80 billion, a P/E ratio of 14.71 and a beta of 0.78. The stock has a 50 day moving average price of $91.15 and a 200-day moving average price of $89.66.

Hedge Funds Weigh In On Avantis International Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Team Financial Group LLC lifted its position in Avantis International Equity ETF by 184.5% in the first quarter. Team Financial Group LLC now owns 293 shares of the company’s stock valued at $25,000 after purchasing an additional 190 shares during the last quarter. Hantz Financial Services Inc. bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth approximately $29,000. RHL Group LLC bought a new position in shares of Avantis International Equity ETF in the fourth quarter worth approximately $38,000. Western Wealth Management LLC purchased a new position in shares of Avantis International Equity ETF in the first quarter worth $42,000. Finally, Angeles Wealth Management LLC raised its holdings in Avantis International Equity ETF by 470.6% during the 2nd quarter. Angeles Wealth Management LLC now owns 485 shares of the company’s stock valued at $43,000 after buying an additional 400 shares during the last quarter.

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.