Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Unusually-High Trading Volume – Still a Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) shares saw an uptick in trading volume on Wednesday . 11,737,186 shares changed hands during trading, an increase of 922% from the previous session’s volume of 1,148,846 shares.The stock last traded at $94.85 and had previously closed at $94.33.

Avantis U.S. Large Cap Value ETF Stock Performance

The company has a market capitalization of $18.23 billion, a PE ratio of 15.70 and a beta of 0.94. The company’s 50-day simple moving average is $92.20 and its 200-day simple moving average is $87.36.

Hedge Funds Weigh In On Avantis U.S. Large Cap Value ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lam Group Inc. raised its stake in Avantis U.S. Large Cap Value ETF by 4.1% during the 2nd quarter. Lam Group Inc. now owns 16,150 shares of the company’s stock valued at $1,473,000 after acquiring an additional 640 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of Avantis U.S. Large Cap Value ETF in the 2nd quarter valued at approximately $125,000. Sarver Vrooman Wealth Advisors grew its stake in shares of Avantis U.S. Large Cap Value ETF by 1.4% in the 2nd quarter. Sarver Vrooman Wealth Advisors now owns 44,966 shares of the company’s stock valued at $4,106,000 after purchasing an additional 613 shares during the last quarter. ESL Trust Services LLC increased its holdings in shares of Avantis U.S. Large Cap Value ETF by 2.6% in the first quarter. ESL Trust Services LLC now owns 842,631 shares of the company’s stock valued at $67,924,000 after purchasing an additional 21,199 shares during the period. Finally, Advantage Trust Co increased its holdings in shares of Avantis U.S. Large Cap Value ETF by 3.4% in the first quarter. Advantage Trust Co now owns 211,547 shares of the company’s stock valued at $17,053,000 after purchasing an additional 7,013 shares during the period.

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.