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

Avantis International Equity ETF (NYSEARCA:AVDEGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $92.65 and last traded at $92.57, with a volume of 468858 shares changing hands. The stock had previously closed at $91.56.

Avantis International Equity ETF Trading Up 1.1%

The company has a market cap of $18.43 billion, a P/E ratio of 14.71 and a beta of 0.78. The company’s fifty day moving average is $89.99 and its 200 day moving average is $88.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Align Financial LLC purchased a new position in Avantis International Equity ETF in the 4th quarter worth approximately $1,117,525,000. Corient Private Wealth LLC grew its holdings in shares of Avantis International Equity ETF by 61.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock worth $479,508,000 after purchasing an additional 2,219,229 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Avantis International Equity ETF by 32.4% in the first quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after purchasing an additional 979,961 shares during the last quarter. LPL Financial LLC increased its stake in shares of Avantis International Equity ETF by 41.7% in the fourth quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock worth $268,904,000 after buying an additional 961,586 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Avantis International Equity ETF by 17.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,162,431 shares of the company’s stock valued at $260,331,000 after buying an additional 458,993 shares during the last quarter.

About Avantis International Equity ETF

(Get Free Report)

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.

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