Avantis International Equity ETF (NYSEARCA:AVDE) Reaches New 1-Year High – Here’s What Happened

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) reached a new 52-week high during trading on Wednesday . The company traded as high as $82.78 and last traded at $82.7060, with a volume of 42411 shares. The stock had previously closed at $82.69.

Avantis International Equity ETF Stock Up 0.1%

The company has a market capitalization of $10.81 billion, a PE ratio of 14.71 and a beta of 0.84. The stock’s fifty day simple moving average is $80.32 and its 200-day simple moving average is $77.54.

Hedge Funds Weigh In On Avantis International Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in Avantis International Equity ETF by 357.3% in the third quarter. Ameriprise Financial Inc. now owns 4,932,115 shares of the company’s stock valued at $388,855,000 after purchasing an additional 3,853,677 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Avantis International Equity ETF by 3.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,895,332 shares of the company’s stock worth $388,738,000 after buying an additional 167,127 shares in the last quarter. Envestnet Asset Management Inc. grew its stake 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 valued at $321,020,000 after acquiring an additional 2,377,932 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Avantis International Equity ETF by 4.1% during the 2nd quarter. Corient Private Wealth LLC now owns 4,047,221 shares of the company’s stock valued at $299,535,000 after acquiring an additional 160,658 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Avantis International Equity ETF by 8.8% during the 3rd quarter. American Century Companies Inc. now owns 3,671,927 shares of the company’s stock valued at $289,715,000 after acquiring an additional 295,670 shares in 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.