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

Avantis International Equity ETF (NYSEARCA:AVDE) shares saw an uptick in trading volume on Friday . 802,729 shares changed hands during trading, an increase of 86% from the previous session’s volume of 430,845 shares.The stock last traded at $62.26 and had previously closed at $61.86.

Avantis International Equity ETF Stock Up 0.4 %

The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The business has a 50 day moving average price of $62.67 and a 200-day moving average price of $63.90.

Hedge Funds Weigh In On Avantis International Equity ETF

Institutional investors have recently modified their holdings of the company. Annex Advisory Services LLC lifted its holdings in shares of Avantis International Equity ETF by 29.0% in the third quarter. Annex Advisory Services LLC now owns 5,760,406 shares of the company’s stock valued at $386,120,000 after purchasing an additional 1,295,471 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Avantis International Equity ETF by 4.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,553,222 shares of the company’s stock valued at $305,202,000 after purchasing an additional 207,282 shares in the last quarter. Rockwood Wealth Management LLC lifted its holdings in shares of Avantis International Equity ETF by 7.4% in the third quarter. Rockwood Wealth Management LLC now owns 2,475,811 shares of the company’s stock valued at $165,954,000 after purchasing an additional 169,844 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Avantis International Equity ETF by 2.1% in the third quarter. HighTower Advisors LLC now owns 2,408,414 shares of the company’s stock valued at $161,433,000 after purchasing an additional 48,936 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Avantis International Equity ETF by 21.5% in the third quarter. LPL Financial LLC now owns 1,356,991 shares of the company’s stock valued at $90,959,000 after purchasing an additional 240,463 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.