Avantis International Equity ETF (NYSEARCA:AVDE) Sets New 12-Month High – What’s Next?

Avantis International Equity ETF (NYSEARCA:AVDE)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $80.53 and last traded at $80.4940, with a volume of 134886 shares. The stock had previously closed at $80.14.

Avantis International Equity ETF Stock Performance

The stock’s fifty day simple moving average is $78.81 and its two-hundred day simple moving average is $75.40. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 14.71 and a beta of 0.84.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Glassman Wealth Services bought a new stake in shares of Avantis International Equity ETF in the 2nd quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in Avantis International Equity ETF in the second quarter valued at approximately $32,000. Eastern Bank bought a new stake in Avantis International Equity ETF in the first quarter worth approximately $31,000. AdvisorNet Financial Inc increased its stake in shares of Avantis International Equity ETF by 234.4% during the 2nd quarter. AdvisorNet Financial Inc now owns 642 shares of the company’s stock worth $48,000 after purchasing an additional 450 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of Avantis International Equity ETF during the 2nd quarter valued at $57,000.

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.