Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sets New 1-Year High – Still a Buy?

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 $85.00 and last traded at $84.78, with a volume of 18761 shares trading hands. The stock had previously closed at $84.61.

Avantis U.S. Large Cap Value ETF Stock Performance

The company has a market cap of $11.20 billion, a P/E ratio of 15.70 and a beta of 0.97. The business has a fifty day simple moving average of $82.22 and a 200 day simple moving average of $77.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV lifted its holdings in Avantis U.S. Large Cap Value ETF by 4.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 123,347 shares of the company’s stock worth $9,943,000 after acquiring an additional 5,366 shares during the last quarter. Hurley Capital LLC lifted its holdings in shares of Avantis U.S. Large Cap Value ETF by 28.3% in the 4th quarter. Hurley Capital LLC now owns 2,859 shares of the company’s stock worth $217,000 after purchasing an additional 631 shares during the last quarter. Cloud Capital Management LLC boosted its position in Avantis U.S. Large Cap Value ETF by 17.6% during the 4th quarter. Cloud Capital Management LLC now owns 17,002 shares of the company’s stock valued at $1,288,000 after purchasing an additional 2,539 shares during the period. JPMorgan Chase & Co. grew its stake in Avantis U.S. Large Cap Value ETF by 17.1% during the 4th quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock worth $41,629,000 after buying an additional 80,406 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its position in Avantis U.S. Large Cap Value ETF by 27.7% in the fourth quarter. Greenwich Wealth Management LLC now owns 172,629 shares of the company’s stock worth $13,080,000 after buying an additional 37,411 shares during the period.

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.