Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 12-Month High – What’s Next?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $94.49 and last traded at $94.42, with a volume of 28843 shares changing hands. The stock had previously closed at $94.18.

Avantis U.S. Large Cap Value ETF Stock Up 0.2%

The firm has a market capitalization of $18.20 billion, a PE ratio of 15.70 and a beta of 0.94. The stock has a 50-day moving average price of $91.55 and a 200 day moving average price of $86.56.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. ESL Trust Services LLC raised its position in Avantis U.S. Large Cap Value ETF by 1,372.2% during the fourth quarter. ESL Trust Services LLC now owns 821,432 shares of the company’s stock worth $62,240,000 after acquiring an additional 765,634 shares during the period. Farther Finance Advisors LLC grew its position in shares of Avantis U.S. Large Cap Value ETF by 190.0% in the fourth quarter. Farther Finance Advisors LLC now owns 668,964 shares of the company’s stock valued at $50,687,000 after purchasing an additional 438,265 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 11.1% during the second quarter. Ameriprise Financial Inc. now owns 3,054,363 shares of the company’s stock worth $208,317,000 after purchasing an additional 304,507 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 17.1% during the fourth quarter. JPMorgan Chase & Co. now owns 549,416 shares of the company’s stock worth $41,629,000 after purchasing an additional 80,406 shares in the last quarter. Finally, Advantage Trust Co increased its stake in shares of Avantis U.S. Large Cap Value ETF by 33.7% during the fourth quarter. Advantage Trust Co now owns 204,534 shares of the company’s stock worth $15,498,000 after purchasing an additional 51,604 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.