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

Avantis International Equity ETF (NYSEARCA:AVDE) saw unusually-high trading volume on Friday . Approximately 802,729 shares traded 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 stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The company’s 50-day simple moving average is $62.67 and its 200 day simple moving average is $63.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Annex Advisory Services LLC lifted its stake in Avantis International Equity ETF by 29.0% during the third quarter. Annex Advisory Services LLC now owns 5,760,406 shares of the company’s stock worth $386,120,000 after purchasing an additional 1,295,471 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Avantis International Equity ETF by 4.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,553,222 shares of the company’s stock worth $305,202,000 after acquiring an additional 207,282 shares during the period. Rockwood Wealth Management LLC grew its holdings in Avantis International Equity ETF by 7.4% during the 3rd quarter. Rockwood Wealth Management LLC now owns 2,475,811 shares of the company’s stock worth $165,954,000 after acquiring an additional 169,844 shares during the period. HighTower Advisors LLC grew its holdings in shares of Avantis International Equity ETF by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 2,408,414 shares of the company’s stock valued at $161,433,000 after buying an additional 48,936 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Avantis International Equity ETF by 21.5% in the 3rd quarter. LPL Financial LLC now owns 1,356,991 shares of the company’s stock valued at $90,959,000 after buying an additional 240,463 shares during the period.

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.