Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Hits New 52-Week High – Should You Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $87.60 and last traded at $87.38, with a volume of 570657 shares changing hands. The stock had previously closed at $86.19.

Avantis U.S. Large Cap Value ETF Price Performance

The company has a 50-day moving average of $82.74 and a two-hundred day moving average of $78.82. The stock has a market capitalization of $11.65 billion, a PE ratio of 15.70 and a beta of 0.95.

Institutional Investors Weigh In On Avantis U.S. Large Cap Value ETF

Several hedge funds have recently modified their holdings of AVLV. BIP Wealth LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 7.1% in the third quarter. BIP Wealth LLC now owns 5,254 shares of the company’s stock valued at $380,000 after purchasing an additional 347 shares during the period. NBT Bank N A NY acquired a new position in shares of Avantis U.S. Large Cap Value ETF in the 1st quarter valued at $35,000. Aventura Private Wealth LLC purchased a new stake in shares of Avantis U.S. Large Cap Value ETF during the 4th quarter valued at $43,000. Diversified Portfolios Inc. grew its stake in shares of Avantis U.S. Large Cap Value ETF by 8.0% during the 3rd quarter. Diversified Portfolios Inc. now owns 8,274 shares of the company’s stock valued at $598,000 after buying an additional 610 shares during the period. Finally, Hurley Capital LLC increased its holdings in shares of Avantis U.S. Large Cap Value ETF by 28.3% during the 4th quarter. Hurley Capital LLC now owns 2,859 shares of the company’s stock worth $217,000 after buying an additional 631 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.