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)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $86.43 and last traded at $86.30, with a volume of 500204 shares. The stock had previously closed at $85.56.

Avantis U.S. Large Cap Value ETF Trading Up 1.2%

The stock has a market cap of $11.46 billion, a PE ratio of 15.70 and a beta of 0.97. The company’s 50 day moving average is $82.62 and its 200-day moving average is $78.55.

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

Institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC raised its position in shares of Avantis U.S. Large Cap Value ETF by 20.9% in the 4th quarter. Fortitude Family Office LLC now owns 118,737 shares of the company’s stock valued at $8,997,000 after purchasing an additional 20,497 shares in the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Avantis U.S. Large Cap Value ETF by 13.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 54,710 shares of the company’s stock valued at $4,145,000 after purchasing an additional 6,342 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Avantis U.S. Large Cap Value ETF by 10.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 469,010 shares of the company’s stock valued at $33,891,000 after purchasing an additional 45,074 shares in the last quarter. Vicus Capital increased its position in shares of Avantis U.S. Large Cap Value ETF by 147.2% in the 4th quarter. Vicus Capital now owns 12,189 shares of the company’s stock worth $924,000 after purchasing an additional 7,259 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Avantis U.S. Large Cap Value ETF by 7.9% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 106,688 shares of the company’s stock worth $7,709,000 after purchasing an additional 7,767 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.