Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 52-Week High – Here’s Why

Avantis International Equity ETF (NYSEARCA:AVDE) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $92.65 and last traded at $92.57, with a volume of 468858 shares traded. The stock had previously closed at $91.56.

Avantis International Equity ETF Trading Down 0.1%

The firm has a market capitalization of $18.51 billion, a PE ratio of 14.71 and a beta of 0.78. The business’s 50 day simple moving average is $90.03 and its two-hundred day simple moving average is $88.91.

Hedge Funds Weigh In On Avantis International Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Avantis International Equity ETF by 19.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after acquiring an additional 30,539 shares during the last quarter. Elyxium Wealth LLC purchased a new position in shares of Avantis International Equity ETF in the 4th quarter worth $7,587,000. UBS Group AG raised its position in shares of Avantis International Equity ETF by 8.6% during the 4th quarter. UBS Group AG now owns 1,061,289 shares of the company’s stock valued at $87,365,000 after buying an additional 83,675 shares in the last quarter. Novem Group bought a new stake in shares of Avantis International Equity ETF in the 4th quarter valued at approximately $4,870,000. Finally, Greenup Street Wealth Management LLC increased its position in shares of Avantis International Equity ETF by 35.9% during the 4th quarter. Greenup Street Wealth Management LLC now owns 1,159,030 shares of the company’s stock valued at $95,411,000 after purchasing an additional 306,308 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.