Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Hits New 12-Month High – Here’s What Happened

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.02 and last traded at $73.05, with a volume of 18182 shares changing hands. The stock had previously closed at $72.31.

Avantis U.S. Large Cap Value ETF Trading Up 0.7%

The firm’s 50-day moving average price is $71.87 and its 200-day moving average price is $68.32. The stock has a market capitalization of $8.42 billion, a PE ratio of 15.70 and a beta of 0.99.

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

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 7.6% during the 1st quarter. NewEdge Advisors LLC now owns 241,608 shares of the company’s stock valued at $15,755,000 after purchasing an additional 17,006 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Avantis U.S. Large Cap Value ETF by 44.4% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 87,169 shares of the company’s stock valued at $5,684,000 after purchasing an additional 26,813 shares during the last quarter. Parallel Advisors LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 211.1% during the 2nd quarter. Parallel Advisors LLC now owns 21,740 shares of the company’s stock valued at $1,483,000 after purchasing an additional 14,753 shares during the last quarter. First National Bank Sioux Falls grew its holdings in Avantis U.S. Large Cap Value ETF by 5.0% during the 2nd quarter. First National Bank Sioux Falls now owns 208,306 shares of the company’s stock valued at $14,209,000 after purchasing an additional 9,840 shares during the last quarter. Finally, LRI Investments LLC grew its holdings in Avantis U.S. Large Cap Value ETF by 645.1% during the 1st quarter. LRI Investments LLC now owns 42,375 shares of the company’s stock valued at $2,763,000 after purchasing an additional 36,688 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.