Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Hits New 12-Month High – Here’s Why

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $74.07 and last traded at $74.0990, with a volume of 11391 shares trading hands. The stock had previously closed at $73.73.

Avantis U.S. Large Cap Value ETF Trading Up 0.7%

The stock has a market capitalization of $8.61 billion, a PE ratio of 15.70 and a beta of 0.99. The firm has a 50-day moving average price of $72.33 and a 200-day moving average price of $70.07.

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

Hedge funds have recently added to or reduced their stakes in the stock. TIAA Trust National Association bought a new position in shares of Avantis U.S. Large Cap Value ETF during the 2nd quarter valued at approximately $216,000. NewEdge Advisors LLC lifted its stake in Avantis U.S. Large Cap Value ETF by 7.6% in the first quarter. NewEdge Advisors LLC now owns 241,608 shares of the company’s stock valued at $15,755,000 after purchasing an additional 17,006 shares during the last quarter. Parallel Advisors LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 211.1% during the second quarter. Parallel Advisors LLC now owns 21,740 shares of the company’s stock valued at $1,483,000 after purchasing an additional 14,753 shares during the period. Nations Financial Group Inc. IA ADV increased its position in Avantis U.S. Large Cap Value ETF by 44.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 87,169 shares of the company’s stock worth $5,684,000 after buying an additional 26,813 shares during the last quarter. Finally, Creative Capital Management Investments LLC increased its position in Avantis U.S. Large Cap Value ETF by 286.9% in the second quarter. Creative Capital Management Investments LLC now owns 2,875 shares of the company’s stock worth $196,000 after buying an additional 2,132 shares during the last quarter.

Avantis U.S. Large Cap Value ETF Company Profile

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.