Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 52-Week High – What’s Next?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $68.90 and last traded at $68.90, with a volume of 45 shares changing hands. The stock had previously closed at $66.78.

Avantis U.S. Large Cap Value ETF Stock Performance

The firm’s 50 day moving average is $65.44 and its 200-day moving average is $63.81. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Anfield Capital Management LLC purchased a new stake in shares of Avantis U.S. Large Cap Value ETF in the second quarter valued at about $62,000. Fidelity D & D Bancorp Inc. acquired a new stake in shares of Avantis U.S. Large Cap Value ETF during the 2nd quarter worth approximately $6,357,000. Greenwich Wealth Management LLC raised its position in shares of Avantis U.S. Large Cap Value ETF by 2.2% during the 2nd quarter. Greenwich Wealth Management LLC now owns 110,107 shares of the company’s stock valued at $6,919,000 after buying an additional 2,406 shares during the period. Strategic Blueprint LLC lifted its holdings in Avantis U.S. Large Cap Value ETF by 1.4% in the third quarter. Strategic Blueprint LLC now owns 311,179 shares of the company’s stock valued at $20,485,000 after acquiring an additional 4,441 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Avantis U.S. Large Cap Value ETF by 27.7% in the second quarter. Farther Finance Advisors LLC now owns 19,674 shares of the company’s stock worth $1,234,000 after acquiring an additional 4,271 shares during the period.

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.