Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 52-Week Low – Time to Sell?

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.44 and last traded at $78.8950, with a volume of 121702 shares trading hands. The stock had previously closed at $78.49.

Avantis International Equity ETF Stock Up 0.4%

The company has a market capitalization of $10.34 billion, a P/E ratio of 14.71 and a beta of 0.84. The business has a 50 day simple moving average of $78.74 and a 200-day simple moving average of $75.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Avantis International Equity ETF by 3.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,895,332 shares of the company’s stock valued at $388,738,000 after purchasing an additional 167,127 shares during the period. Envestnet Asset Management Inc. grew its holdings 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 worth $321,020,000 after buying an additional 2,377,932 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Avantis International Equity ETF by 4.1% in the 2nd quarter. Corient Private Wealth LLC now owns 4,047,221 shares of the company’s stock worth $299,535,000 after buying an additional 160,658 shares in the last quarter. American Century Companies Inc. increased its position in Avantis International Equity ETF by 67.2% in the 2nd quarter. American Century Companies Inc. now owns 3,376,257 shares of the company’s stock valued at $249,877,000 after acquiring an additional 1,357,155 shares during the period. Finally, Vantagepoint Investment Advisers LLC bought a new stake in Avantis International Equity ETF during the 3rd quarter valued at $232,644,000.

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.