Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sets New 52-Week High – Should You Buy?

by · The Cerbat Gem

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $75.97 and last traded at $76.2610, with a volume of 333234 shares trading hands. The stock had previously closed at $75.04.

Avantis U.S. Large Cap Value ETF Trading Up 1.6%

The stock has a 50-day moving average of $72.84 and a two-hundred day moving average of $70.69. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 15.70 and a beta of 0.99.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of Avantis U.S. Large Cap Value ETF by 46.3% in the 1st quarter. Ameriprise Financial Inc. now owns 2,749,856 shares of the company’s stock valued at $179,195,000 after acquiring an additional 869,638 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Avantis U.S. Large Cap Value ETF by 146.7% during the second quarter. Farther Finance Advisors LLC now owns 330,146 shares of the company’s stock valued at $22,519,000 after buying an additional 196,337 shares in the last quarter. JPMorgan Chase & Co. raised its position in Avantis U.S. Large Cap Value ETF by 58.0% during the second quarter. JPMorgan Chase & Co. now owns 423,936 shares of the company’s stock valued at $28,917,000 after buying an additional 155,562 shares during the period. White Pine Investment CO purchased a new stake in Avantis U.S. Large Cap Value ETF in the 2nd quarter worth about $5,273,000. Finally, ESL Trust Services LLC acquired a new stake in Avantis U.S. Large Cap Value ETF during the 3rd quarter worth about $4,032,000.

About Avantis U.S. Large Cap Value ETF

(Get Free Report)

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US large-cap value companies selected based on fundamental criteria. AVLV was launched on Sep 21, 2021 and is managed by American Century Investments.

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