Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sets New 1-Year High – Here’s Why

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $72.86 and last traded at $72.36, with a volume of 1147729 shares. The stock had previously closed at $72.45.

Avantis U.S. Large Cap Value ETF Stock Performance

The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 15.70 and a beta of 0.99. The business has a 50-day simple moving average of $70.88 and a two-hundred day simple moving average of $67.09.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVLV. NBC Securities Inc. acquired a new position in shares of Avantis U.S. Large Cap Value ETF during the 1st quarter worth about $25,000. Hurley Capital LLC boosted its position in Avantis U.S. Large Cap Value ETF by 501.1% during the second quarter. Hurley Capital LLC now owns 541 shares of the company’s stock valued at $37,000 after purchasing an additional 451 shares during the last quarter. Creative Capital Management Investments LLC grew its stake in Avantis U.S. Large Cap Value ETF by 58.1% in the first quarter. Creative Capital Management Investments LLC now owns 743 shares of the company’s stock valued at $48,000 after purchasing an additional 273 shares in the last quarter. TIAA Trust National Association acquired a new position in shares of Avantis U.S. Large Cap Value ETF during the 2nd quarter worth approximately $216,000. Finally, Team Financial Group LLC raised its stake in shares of Avantis U.S. Large Cap Value ETF by 86.0% during the 1st quarter. Team Financial Group LLC now owns 5,966 shares of the company’s stock worth $389,000 after purchasing an additional 2,758 shares in 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.