Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Unusually-High Trading Volume – Here’s Why

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw an uptick in trading volume on Tuesday . 1,521,047 shares were traded during trading, an increase of 73% from the previous session’s volume of 881,531 shares.The stock last traded at $90.89 and had previously closed at $91.75.

Avantis U.S. Large Cap Value ETF Trading Down 0.9%

The firm has a market capitalization of $12.12 billion, a P/E ratio of 15.70 and a beta of 0.94. The stock has a 50-day simple moving average of $88.30 and a two-hundred day simple moving average of $82.87.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. ESL Trust Services LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 1,372.2% during the 4th quarter. ESL Trust Services LLC now owns 821,432 shares of the company’s stock worth $62,240,000 after acquiring an additional 765,634 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Avantis U.S. Large Cap Value ETF by 16.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,568,058 shares of the company’s stock valued at $257,768,000 after purchasing an additional 513,695 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Avantis U.S. Large Cap Value ETF by 190.0% in the 4th quarter. Farther Finance Advisors LLC now owns 668,964 shares of the company’s stock valued at $50,687,000 after purchasing an additional 438,265 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Avantis U.S. Large Cap Value ETF by 17.1% in the 4th quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock worth $41,629,000 after purchasing an additional 80,406 shares during the period. Finally, Advantage Trust Co lifted its position in shares of Avantis U.S. Large Cap Value ETF by 33.7% in the 4th quarter. Advantage Trust Co now owns 204,534 shares of the company’s stock worth $15,498,000 after purchasing 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.