Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw an uptick in trading volume on Thursday . 2,038,372 shares changed hands during trading, an increase of 413% from the previous session’s volume of 397,112 shares.The stock last traded at $59.77 and had previously closed at $61.80.

Avantis U.S. Large Cap Value ETF Price Performance

The stock’s 50-day moving average price is $65.82 and its 200 day moving average price is $67.35. The firm has a market cap of $5.68 billion, a P/E 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. Stockholders of record on Tuesday, March 25th were issued a $0.2671 dividend. This is a boost from Avantis U.S. Large Cap Value ETF’s previous dividend of $0.26. The ex-dividend date was Tuesday, March 25th.

Hedge Funds Weigh In On Avantis U.S. Large Cap Value ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. bought a new position in Avantis U.S. Large Cap Value ETF during the first quarter worth $25,000. Roxbury Financial LLC acquired a new stake in Avantis U.S. Large Cap Value ETF during the fourth quarter worth approximately $41,000. Sunbelt Securities Inc. acquired a new stake in Avantis U.S. Large Cap Value ETF during the fourth quarter worth approximately $96,000. Team Financial Group LLC bought a new stake in shares of Avantis U.S. Large Cap Value ETF during the fourth quarter worth approximately $214,000. Finally, Titleist Asset Management LLC acquired a new position in shares of Avantis U.S. Large Cap Value ETF in the fourth quarter valued at approximately $236,000.

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.