Avantis International Equity ETF (NYSEARCA:AVDE) Sees Unusually-High Trading Volume – Still a Buy?

by · The Markets Daily

Shares of Avantis International Equity ETF (NYSEARCA:AVDE – Get Free Report) saw unusually-strong trading volume on Thursday. 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 Price Performance

The stock has a market cap of $18.57 billion, a price-to-earnings ratio of 14.71 and a beta of 0.78. The company’s fifty day simple moving average is $92.63 and its two-hundred day simple moving average is $90.17.

Hedge Funds Weigh In On Avantis International Equity ETF

Several large investors have recently added to or reduced their stakes in AVDE. Envestnet Asset Management Inc. boosted its stake in 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 valued at $468,190,000 after purchasing an additional 332,230 shares during the last quarter. Altar Rock LLC lifted its holdings in shares of Avantis International Equity ETF by 0.7% in the second quarter. Altar Rock LLC now owns 63,499 shares of the company’s stock valued at $5,664,000 after purchasing an additional 450 shares in the last quarter. Cherry Tree Wealth Management LLC bought a new position in shares of Avantis International Equity ETF in the second quarter valued at approximately $111,000. Tortoise Investment Management LLC boosted its position in shares of Avantis International Equity ETF by 3.6% during the second quarter. Tortoise Investment Management LLC now owns 43,312 shares of the company’s stock valued at $3,863,000 after buying an additional 1,500 shares during the last quarter. Finally, Cahill Financial Advisors Inc. purchased a new position in shares of Avantis International Equity ETF during the second quarter valued at approximately $256,000.

Avantis International Equity ETF Company Profile

(Get Free Report)

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.

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