HighTower Advisors LLC Makes New Investment in Avantis U.S. Large Cap Equity ETF $AVLC

HighTower Advisors LLC acquired a new position in shares of Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 123,691 shares of the company’s stock, valued at approximately $7,941,000. HighTower Advisors LLC owned 1.41% of Avantis U.S. Large Cap Equity ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVLC. Envestnet Asset Management Inc. increased its stake in Avantis U.S. Large Cap Equity ETF by 3,200.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 444,137 shares of the company’s stock worth $28,514,000 after acquiring an additional 430,680 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of Avantis U.S. Large Cap Equity ETF in the 4th quarter valued at $27,642,000. Simplicity Wealth LLC bought a new position in shares of Avantis U.S. Large Cap Equity ETF in the 1st quarter valued at $21,732,000. Cypress Point Wealth Management LLC increased its stake in shares of Avantis U.S. Large Cap Equity ETF by 40.4% in the 1st quarter. Cypress Point Wealth Management LLC now owns 458,063 shares of the company’s stock valued at $29,408,000 after purchasing an additional 131,888 shares during the last quarter. Finally, LPL Financial LLC increased its stake in shares of Avantis U.S. Large Cap Equity ETF by 65.1% in the 1st quarter. LPL Financial LLC now owns 198,440 shares of the company’s stock valued at $12,740,000 after purchasing an additional 78,273 shares during the last quarter.

Avantis U.S. Large Cap Equity ETF Stock Performance

Shares of AVLC opened at $73.87 on Tuesday. Avantis U.S. Large Cap Equity ETF has a 52-week low of $55.47 and a 52-week high of $74.24. The business’s fifty day moving average is $71.58 and its 200-day moving average is $67.72. The firm has a market cap of $686.99 million, a price-to-earnings ratio of 22.04 and a beta of 1.06.

Avantis U.S. Large Cap Equity ETF Company Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.