Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 12-Month High – Here’s What Happened

Avantis International Equity ETF (NYSEARCA:AVDE) shares reached a new 52-week high on Tuesday . The company traded as high as $87.50 and last traded at $87.06, with a volume of 1667729 shares traded. The stock had previously closed at $86.64.

Avantis International Equity ETF Price Performance

The company has a market capitalization of $12.86 billion, a PE ratio of 14.71 and a beta of 0.84. The stock has a 50-day simple moving average of $82.84 and a 200 day simple moving average of $79.43.

Hedge Funds Weigh In On Avantis International Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of Avantis International Equity ETF by 357.3% in the third 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 in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Avantis International Equity ETF during the 3rd quarter worth approximately $232,644,000. Envestnet Asset Management Inc. lifted its stake in Avantis International Equity ETF by 140.6% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in Avantis International Equity ETF by 345.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,639,746 shares of the company’s stock valued at $208,276,000 after buying an additional 2,046,558 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Avantis International Equity ETF by 134.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,703,438 shares of the company’s stock valued at $213,301,000 after buying an additional 1,552,177 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.