Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Hits New 52-Week High – Time to Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.33 and last traded at $79.2220, with a volume of 22616 shares trading hands. The stock had previously closed at $79.14.

Avantis U.S. Large Cap Value ETF Trading Down 0.2%

The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 15.70 and a beta of 0.99. The firm’s 50 day simple moving average is $74.98 and its 200-day simple moving average is $72.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of 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 worth $1,483,000 after purchasing an additional 14,753 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 146.7% during the second quarter. Farther Finance Advisors LLC now owns 330,146 shares of the company’s stock worth $22,519,000 after buying an additional 196,337 shares in the last quarter. White Pine Investment CO acquired a new position in Avantis U.S. Large Cap Value ETF during the second quarter worth about $5,273,000. Creative Capital Management Investments LLC increased its holdings in Avantis U.S. Large Cap Value ETF by 286.9% in the second quarter. Creative Capital Management Investments LLC now owns 2,875 shares of the company’s stock valued at $196,000 after buying an additional 2,132 shares in the last quarter. Finally, Advantage Trust Co increased its holdings in Avantis U.S. Large Cap Value ETF by 3.3% in the second quarter. Advantage Trust Co now owns 138,517 shares of the company’s stock valued at $9,448,000 after buying an additional 4,383 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.