Avantis International Equity ETF (NYSEARCA:AVDE) Hits New 1-Year High – Should You Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) hit a new 52-week high during trading on Monday . The stock traded as high as $74.53 and last traded at $74.41, with a volume of 53132 shares. The stock had previously closed at $73.67.

Avantis International Equity ETF Stock Down 1.1%

The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 14.90 and a beta of 0.84. The company has a 50 day simple moving average of $70.23 and a 200 day simple moving average of $66.32.

Hedge Funds Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVDE. Eastern Bank acquired a new stake in shares of Avantis International Equity ETF during the 1st quarter valued at $31,000. CIBC Private Wealth Group LLC acquired a new position in shares of Avantis International Equity ETF in the fourth quarter valued at approximately $31,000. Nemes Rush Group LLC bought a new position in Avantis International Equity ETF in the 4th quarter valued at approximately $38,000. Tucker Asset Management LLC acquired a new stake in Avantis International Equity ETF during the 4th quarter worth approximately $59,000. Finally, Your Advocates Ltd. LLP bought a new stake in Avantis International Equity ETF during the 4th quarter worth approximately $63,000.

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.