Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 12-Month High – Time to Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $94.49 and last traded at $94.42, with a volume of 28843 shares traded. The stock had previously closed at $94.18.

Avantis U.S. Large Cap Value ETF Stock Up 0.2%

The stock has a market cap of $18.20 billion, a PE ratio of 15.70 and a beta of 0.94. The business’s 50-day simple moving average is $91.68 and its 200-day simple moving average is $86.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. ESL Trust Services LLC grew its position in shares of Avantis U.S. Large Cap Value ETF by 1,372.2% in the 4th quarter. ESL Trust Services LLC now owns 821,432 shares of the company’s stock worth $62,240,000 after buying an additional 765,634 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Avantis U.S. Large Cap Value ETF by 190.0% during the fourth quarter. Farther Finance Advisors LLC now owns 668,964 shares of the company’s stock valued at $50,687,000 after acquiring an additional 438,265 shares in the last quarter. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 304,507 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Avantis U.S. Large Cap Value ETF by 17.1% in the fourth quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock worth $41,629,000 after acquiring an additional 80,406 shares during the period. Finally, Advantage Trust Co lifted its stake in Avantis U.S. Large Cap Value ETF by 33.7% in the fourth quarter. Advantage Trust Co now owns 204,534 shares of the company’s stock worth $15,498,000 after acquiring an additional 51,604 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.