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 share price reached a new 52-week high on Wednesday. The company traded as high as $95.34 and last traded at $95.3250, with a volume of 1,994,824 shares traded. The stock had previously closed at $93.74.

Avantis U.S. Large Cap Value ETF Stock Performance

The stock’s fifty day simple moving average is $92.95 and its 200-day simple moving average is $88.43. The company has a market capitalization of $22.92 billion, a PE ratio of 15.70 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC acquired a new stake in shares of Avantis U.S. Large Cap Value ETF in the third quarter valued at about $1,987,000. Team Financial Group LLC bought a new stake in shares of Avantis U.S. Large Cap Value ETF in the 3rd quarter valued at about $17,449,000. Creative Capital Management Investments LLC acquired a new stake in shares of Avantis U.S. Large Cap Value ETF in the 3rd quarter valued at approximately $260,000. BOKF NA acquired a new stake in Avantis U.S. Large Cap Value ETF during the third quarter worth approximately $1,911,000. Finally, Vaquero Private Wealth Ltd. acquired a new position in Avantis U.S. Large Cap Value ETF in the third quarter valued at approximately $2,370,000.

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.