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

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw unusually-high trading volume on Wednesday . Approximately 2,391,192 shares were traded during trading, an increase of 480% from the previous session’s volume of 412,306 shares.The stock last traded at $60.68 and had previously closed at $60.68.

Avantis U.S. Large Cap Value ETF Price Performance

The company has a fifty day moving average price of $65.46 and a 200 day moving average price of $67.28. The company has a market cap of $5.63 billion, a PE ratio of 15.83 and a beta of 1.01.

Avantis U.S. Large Cap Value ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a $0.2671 dividend. This is an increase from Avantis U.S. Large Cap Value ETF’s previous dividend of $0.26. The ex-dividend date was Tuesday, March 25th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. NBC Securities Inc. purchased a new position in Avantis U.S. Large Cap Value ETF during the 1st quarter valued at about $25,000. Roxbury Financial LLC bought a new stake in Avantis U.S. Large Cap Value ETF in the fourth quarter valued at $41,000. Sunbelt Securities Inc. bought a new position in Avantis U.S. Large Cap Value ETF in the 4th quarter worth $96,000. Team Financial Group LLC purchased a new stake in shares of Avantis U.S. Large Cap Value ETF in the 4th quarter worth about $214,000. Finally, Titleist Asset Management LLC purchased a new position in shares of Avantis U.S. Large Cap Value ETF during the fourth quarter valued at about $236,000.

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.