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) shares hit a new 52-week high on Friday . The company traded as high as $89.17 and last traded at $89.13, with a volume of 9404 shares changing hands. The stock had previously closed at $88.71.

Avantis U.S. Large Cap Value ETF Stock Performance

The firm has a market capitalization of $11.90 billion, a P/E ratio of 15.70 and a beta of 0.95. The stock’s 50 day simple moving average is $83.99 and its 200 day simple moving average is $80.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AVLV. ESL Trust Services LLC raised its position 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 valued at $62,240,000 after purchasing an additional 765,634 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Avantis U.S. Large Cap Value ETF by 16.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,568,058 shares of the company’s stock worth $257,768,000 after buying an additional 513,695 shares in the last quarter. Farther Finance Advisors LLC increased its stake 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 buying an additional 438,265 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 17.1% during the fourth quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock valued at $41,629,000 after buying an additional 80,406 shares during the period. Finally, Advantage Trust Co raised its holdings in shares of 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 valued at $15,498,000 after acquiring an additional 51,604 shares in 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.