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) shares hit a new 52-week high on Friday . The stock traded as high as $72.90 and last traded at $72.89, with a volume of 105841 shares changing hands. The stock had previously closed at $72.54.

Avantis U.S. Large Cap Value ETF Price Performance

The company has a market cap of $8.32 billion, a P/E ratio of 15.70 and a beta of 0.99. The company’s 50-day moving average is $71.21 and its two-hundred day moving average is $67.42.

Institutional Investors Weigh In On Avantis U.S. Large Cap Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Capital Management Investments LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 58.1% in the first quarter. Creative Capital Management Investments LLC now owns 743 shares of the company’s stock worth $48,000 after purchasing an additional 273 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its holdings in Avantis U.S. Large Cap Value ETF by 4.1% in the first quarter. Comprehensive Financial Planning Inc. PA now owns 10,067 shares of the company’s stock worth $657,000 after purchasing an additional 392 shares during the last quarter. NBC Securities Inc. purchased a new stake in Avantis U.S. Large Cap Value ETF in the first quarter worth approximately $25,000. Hurley Capital LLC boosted its holdings in Avantis U.S. Large Cap Value ETF by 501.1% in the second quarter. Hurley Capital LLC now owns 541 shares of the company’s stock worth $37,000 after purchasing an additional 451 shares during the last quarter. Finally, Lam Group Inc. boosted its holdings in Avantis U.S. Large Cap Value ETF by 28.9% in the second quarter. Lam Group Inc. now owns 9,615 shares of the company’s stock worth $656,000 after purchasing an additional 2,155 shares during the last quarter.

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.