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

Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high on Monday . The company traded as high as $68.04 and last traded at $67.98, with a volume of 11567 shares trading hands. The stock had previously closed at $67.46.

Avantis International Equity ETF Stock Performance

The company has a 50-day moving average of $64.50 and a 200 day moving average of $64.36. The firm has a market cap of $6.11 billion, a P/E ratio of 14.81 and a beta of 0.91.

Hedge Funds Weigh In On Avantis International Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Bannerman Wealth Management Group LLC acquired a new position in Avantis International Equity ETF in the fourth quarter valued at about $545,000. Arcadia Wealth Management Inc. bought a new stake in Avantis International Equity ETF during the 4th quarter worth about $2,413,000. Park Square Financial Group LLC bought a new position in Avantis International Equity ETF in the fourth quarter valued at approximately $77,000. Armis Advisers LLC acquired a new position in Avantis International Equity ETF during the fourth quarter worth $1,801,000. Finally, WCG Wealth Advisors LLC lifted its stake in Avantis International Equity ETF by 8.0% in the 4th quarter. WCG Wealth Advisors LLC now owns 295,474 shares of the company’s stock valued at $18,133,000 after purchasing an additional 21,928 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.