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

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) reached a new 52-week high on Thursday . The stock traded as high as $67.51 and last traded at $67.44, with a volume of 3555 shares. The stock had previously closed at $67.25.

Avantis U.S. Large Cap Value ETF Stock Performance

The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93. The company’s 50 day simple moving average is $64.74 and its 200 day simple moving average is $63.49.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Nixon Peabody Trust Co. boosted its stake in Avantis U.S. Large Cap Value ETF by 37.3% during the 2nd quarter. Nixon Peabody Trust Co. now owns 797,745 shares of the company’s stock valued at $50,130,000 after purchasing an additional 216,892 shares in the last quarter. Fidelity D & D Bancorp Inc. bought a new position in Avantis U.S. Large Cap Value ETF during the second quarter valued at about $6,357,000. First National Bank Sioux Falls grew its holdings in Avantis U.S. Large Cap Value ETF by 21.4% during the first quarter. First National Bank Sioux Falls now owns 120,816 shares of the company’s stock worth $7,764,000 after acquiring an additional 21,259 shares during the period. Fortitude Family Office LLC raised its position in Avantis U.S. Large Cap Value ETF by 36.7% in the second quarter. Fortitude Family Office LLC now owns 73,424 shares of the company’s stock worth $4,614,000 after acquiring an additional 19,718 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in Avantis U.S. Large Cap Value ETF in the 2nd quarter valued at about $1,209,000.

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.