Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Volume Increase – Still a Buy?

Avantis International Equity ETF (NYSEARCA:AVDE) shares saw unusually-high trading volume on Tuesday . Approximately 685,239 shares were traded during trading, an increase of 157% from the previous session’s volume of 267,031 shares.The stock last traded at $61.36 and had previously closed at $61.31.

Avantis International Equity ETF Trading Up 0.2 %

The firm has a market capitalization of $4.25 billion, a PE ratio of 11.74 and a beta of 0.82. The firm’s fifty day moving average price is $63.50 and its 200 day moving average price is $64.05.

Institutional Trading of Avantis International Equity ETF

A number of hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in Avantis International Equity ETF in the 3rd quarter worth approximately $106,000. Advisory Resource Group lifted its stake in shares of Avantis International Equity ETF by 3.2% in the 3rd quarter. Advisory Resource Group now owns 73,752 shares of the company’s stock valued at $4,944,000 after purchasing an additional 2,253 shares during the period. Orion Capital Management LLC boosted its holdings in Avantis International Equity ETF by 1.4% during the third quarter. Orion Capital Management LLC now owns 36,447 shares of the company’s stock worth $2,443,000 after buying an additional 494 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in Avantis International Equity ETF during the third quarter valued at $26,196,000. Finally, MML Investors Services LLC grew its position in Avantis International Equity ETF by 7.2% during the third quarter. MML Investors Services LLC now owns 175,082 shares of the company’s stock valued at $11,736,000 after buying an additional 11,813 shares during the period.

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.