Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 52-Week High – Here’s Why

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) reached a new 52-week high during trading on Friday . The company traded as high as $89.17 and last traded at $89.13, with a volume of 9404 shares changing hands. The stock had previously closed at $88.71.

Avantis U.S. Large Cap Value ETF Stock Performance

The firm’s fifty day moving average price is $83.99 and its 200 day moving average price is $80.13. The firm has a market cap of $11.90 billion, a P/E ratio of 15.70 and a beta of 0.95.

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

A number of large investors have recently bought and sold shares of the business. NBT Bank N A NY purchased a new stake in Avantis U.S. Large Cap Value ETF during the first quarter worth $35,000. Aventura Private Wealth LLC purchased a new position in shares of Avantis U.S. Large Cap Value ETF in the 4th quarter valued at $43,000. Longview Financial Advisors Inc. bought a new position in shares of Avantis U.S. Large Cap Value ETF in the 1st quarter worth $87,000. Root Financial Partners LLC bought a new position in shares of Avantis U.S. Large Cap Value ETF in the 3rd quarter worth $101,000. Finally, Hurley Capital LLC lifted its stake in shares of Avantis U.S. Large Cap Value ETF by 311.8% during the 3rd quarter. Hurley Capital LLC now owns 2,228 shares of the company’s stock worth $161,000 after purchasing an additional 1,687 shares during the last quarter.

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.