Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Hits New 1-Year High – Still a Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s share price reached a new 52-week high on Monday . The stock traded as high as $77.66 and last traded at $77.75, with a volume of 46423 shares traded. The stock had previously closed at $76.89.

Avantis U.S. Large Cap Value ETF Price Performance

The stock has a market capitalization of $9.38 billion, a P/E ratio of 15.70 and a beta of 0.99. The stock has a 50 day moving average price of $74.32 and a 200-day moving average price of $71.92.

Hedge Funds Weigh In On Avantis U.S. Large Cap Value ETF

A number of hedge funds have recently modified their holdings of AVLV. Greenwich Wealth Management LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 8.0% in the second quarter. Greenwich Wealth Management LLC now owns 134,470 shares of the company’s stock valued at $9,172,000 after acquiring an additional 9,946 shares in the last quarter. TIAA Trust National Association purchased a new stake in shares of Avantis U.S. Large Cap Value ETF in the 2nd quarter worth about $216,000. Parallel Advisors LLC boosted its stake in shares of Avantis U.S. Large Cap Value ETF by 211.1% during the 2nd quarter. Parallel Advisors LLC now owns 21,740 shares of the company’s stock valued at $1,483,000 after purchasing an additional 14,753 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Avantis U.S. Large Cap Value ETF by 348.2% during the second quarter. EverSource Wealth Advisors LLC now owns 20,960 shares of the company’s stock valued at $1,430,000 after buying an additional 16,284 shares during the period. Finally, Comprehensive Financial Planning Inc. PA increased its position in shares of Avantis U.S. Large Cap Value ETF by 32.0% during the second quarter. Comprehensive Financial Planning Inc. PA now owns 13,288 shares of the company’s stock valued at $906,000 after buying an additional 3,221 shares during the period.

Avantis U.S. Large Cap Value ETF Company Profile

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.