Avantis International Equity ETF (NYSEARCA:AVDE) Sees Large Volume Increase

Shares of Avantis International Equity ETF (NYSEARCA:AVDE) saw strong trading volume on Tuesday . 935,704 shares were traded during mid-day trading, an increase of 252% from the previous session’s volume of 265,996 shares.The stock last traded at $60.60 and had previously closed at $60.09.

Avantis International Equity ETF Price Performance

The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 11.74 and a beta of 0.82. The stock has a 50-day moving average of $63.63 and a 200 day moving average of $62.66.

Institutional Investors Weigh In On Avantis International Equity ETF

Several institutional investors have recently modified their holdings of AVDE. Elevate Wealth Advisory Inc. bought a new position in Avantis International Equity ETF in the fourth quarter valued at approximately $34,000. Activest Wealth Management bought a new position in shares of Avantis International Equity ETF in the 1st quarter worth $60,000. NBC Securities Inc. acquired a new stake in shares of Avantis International Equity ETF during the fourth quarter worth $64,000. LRI Investments LLC bought a new stake in Avantis International Equity ETF in the first quarter valued at about $70,000. Finally, Clarity Asset Management Inc. acquired a new position in Avantis International Equity ETF in the fourth quarter valued at about $157,000.

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.