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

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) reached a new 52-week high during trading on Friday . The company traded as high as $66.22 and last traded at $66.15, with a volume of 5024 shares. The stock had previously closed at $65.51.

Avantis U.S. Large Cap Value ETF Stock Performance

The company has a market capitalization of $3.54 billion, a P/E ratio of 12.52 and a beta of 0.93. The firm’s fifty day moving average is $63.79 and its 200 day moving average is $63.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Anfield Capital Management LLC purchased a new position in Avantis U.S. Large Cap Value ETF during the 2nd quarter valued at $62,000. Cahill Financial Advisors Inc. purchased a new stake in shares of Avantis U.S. Large Cap Value ETF during the second quarter valued at $302,000. LRI Investments LLC bought a new position in shares of Avantis U.S. Large Cap Value ETF in the first quarter worth about $365,000. Nations Financial Group Inc. IA ADV purchased a new position in Avantis U.S. Large Cap Value ETF in the 2nd quarter worth about $1,209,000. Finally, Farther Finance Advisors LLC lifted its holdings in Avantis U.S. Large Cap Value ETF by 27.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 19,674 shares of the company’s stock valued at $1,234,000 after buying an additional 4,271 shares in the last quarter.

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.