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

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $92.39 and last traded at $92.28, with a volume of 748340 shares trading hands. The stock had previously closed at $91.47.

Avantis International Equity ETF Price Performance

The firm has a market cap of $13.92 billion, a P/E ratio of 14.71 and a beta of 0.84. The company’s 50-day simple moving average is $86.51 and its 200 day simple moving average is $81.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVDE. Align Financial LLC bought a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $1,117,525,000. Ameriprise Financial Inc. increased its position in shares of Avantis International Equity ETF by 357.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after purchasing an additional 3,853,677 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Avantis International Equity ETF during the 3rd quarter valued at $232,644,000. Envestnet Asset Management Inc. raised its holdings in Avantis International Equity ETF by 140.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,068,689 shares of the company’s stock valued at $321,020,000 after buying an additional 2,377,932 shares during the period. Finally, Corient Private Wealth LLC lifted its position in 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 buying an additional 2,219,229 shares during 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.