Avantis International Small Cap Value ETF (NYSEARCA:AVDV) Sees Unusually-High Trading Volume – Still a Buy?

Avantis International Small Cap Value ETF (NYSEARCA:AVDV) saw an uptick in trading volume on Tuesday . 1,087,285 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 608,691 shares.The stock last traded at $65.36 and had previously closed at $65.80.

Avantis International Small Cap Value ETF Stock Performance

The stock’s 50-day moving average price is $66.44 and its 200-day moving average price is $67.13. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 7.84 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its stake in shares of Avantis International Small Cap Value ETF by 110.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 810 shares of the company’s stock worth $53,000 after purchasing an additional 425 shares during the last quarter. Nemes Rush Group LLC lifted its stake in shares of Avantis International Small Cap Value ETF by 69.3% during the second quarter. Nemes Rush Group LLC now owns 1,075 shares of the company’s stock valued at $70,000 after buying an additional 440 shares during the period. Community Bank N.A. acquired a new stake in Avantis International Small Cap Value ETF during the third quarter worth approximately $852,000. Captrust Financial Advisors grew its stake in Avantis International Small Cap Value ETF by 2.2% in the 3rd quarter. Captrust Financial Advisors now owns 12,522 shares of the company’s stock worth $885,000 after acquiring an additional 275 shares during the period. Finally, Lam Group Inc. raised its holdings in Avantis International Small Cap Value ETF by 61.9% in the 3rd quarter. Lam Group Inc. now owns 15,575 shares of the company’s stock valued at $1,101,000 after acquiring an additional 5,955 shares during the last quarter.

Avantis International Small Cap Value ETF Company Profile

The Avantis International Small Cap Value ETF (AVDV) is an exchange-traded fund that is based on the MSCI World EX-U.S. Small Cap index. The fund is an actively-managed portfolio of non-US small-cap value companies in developed markets. AVDV was launched on Sep 24, 2019 and is managed by American Century Investments.