Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Unusually-High Trading Volume – Still a Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw an uptick in trading volume on Thursday . 2,632,325 shares changed hands during mid-day trading, an increase of 297% from the previous session’s volume of 663,701 shares.The stock last traded at $88.22 and had previously closed at $88.50.

Avantis U.S. Large Cap Value ETF Trading Down 0.4%

The firm has a market capitalization of $11.75 billion, a PE ratio of 15.70 and a beta of 0.95. The business’s 50 day simple moving average is $83.84 and its 200 day simple moving average is $80.02.

Institutional Trading of Avantis U.S. Large Cap Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVLV. Ameriprise Financial Inc. boosted its position in shares of Avantis U.S. Large Cap Value ETF by 11.1% during the second quarter. Ameriprise Financial Inc. now owns 3,054,363 shares of the company’s stock valued at $208,317,000 after buying an additional 304,507 shares during the period. Fidelity D & D Bancorp Inc. raised its holdings in shares of Avantis U.S. Large Cap Value ETF by 19.7% in the second quarter. Fidelity D & D Bancorp Inc. now owns 161,993 shares of the company’s stock worth $11,050,000 after buying an additional 26,691 shares during the period. Root Financial Partners LLC bought a new stake in shares of Avantis U.S. Large Cap Value ETF during the 3rd quarter worth approximately $101,000. BIP Wealth LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 7.1% during the 3rd quarter. BIP Wealth LLC now owns 5,254 shares of the company’s stock valued at $380,000 after acquiring an additional 347 shares during the period. Finally, Cloud Capital Management LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 10.6% during the 3rd quarter. Cloud Capital Management LLC now owns 14,463 shares of the company’s stock valued at $1,044,000 after acquiring an additional 1,382 shares during the period.

About Avantis U.S. Large Cap Value ETF

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.