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

Avantis International Equity ETF (NYSEARCA:AVDE) shares reached 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 changing hands. The stock had previously closed at $91.56.

Avantis International Equity ETF Stock Performance

The stock has a market capitalization of $18.43 billion, a P/E ratio of 14.71 and a beta of 0.78. The stock has a 50-day moving average price of $89.99 and a two-hundred day moving average price of $88.81.

Hedge Funds Weigh In On Avantis International Equity ETF

A number of institutional investors have recently bought and sold shares of AVDE. EverSource Wealth Advisors LLC boosted its holdings in Avantis International Equity ETF by 19.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 186,126 shares of the company’s stock worth $15,322,000 after purchasing an additional 30,539 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Avantis International Equity ETF in the 4th quarter worth approximately $7,587,000. Apella Capital LLC raised its stake in Avantis International Equity ETF by 7.9% during the 4th quarter. Apella Capital LLC now owns 682,150 shares of the company’s stock valued at $56,155,000 after buying an additional 49,699 shares during the last quarter. UBS Group AG raised its stake in 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 during the last quarter. Finally, Novem Group bought a new position in shares of Avantis International Equity ETF during the 4th quarter valued at $4,870,000.

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.