Avantis International Equity ETF (NYSEARCA:AVDE) Sees Strong Trading Volume – Time to Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) saw strong trading volume on Thursday. Approximately 1,950,770 shares changed hands during trading, an increase of 71% from the previous session’s volume of 1,144,115 shares. The stock last traded at $89.3320 and had previously closed at $90.11.

Avantis International Equity ETF Stock Performance

The stock has a market cap of $18.57 billion, a PE ratio of 14.71 and a beta of 0.78. The company’s 50 day simple moving average is $92.63 and its 200 day simple moving average is $90.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Align Financial LLC bought a new stake in Avantis International Equity ETF in the fourth quarter worth about $1,117,525,000. Corient Private Wealth LLC grew its position in shares of Avantis International Equity ETF by 61.5% during the 4th quarter. Corient Private Wealth LLC now owns 5,824,926 shares of the company’s stock valued at $479,508,000 after acquiring an additional 2,219,229 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Avantis International Equity ETF by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,248,750 shares of the company’s stock worth $468,190,000 after purchasing an additional 332,230 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Avantis International Equity ETF by 32.4% in the 1st quarter. Bank of America Corp DE now owns 4,003,424 shares of the company’s stock worth $339,650,000 after purchasing an additional 979,961 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Avantis International Equity ETF by 41.7% in the 4th quarter. LPL Financial LLC now owns 3,266,571 shares of the company’s stock worth $268,904,000 after purchasing an additional 961,586 shares during the period.

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.