Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 1-Year High – Here’s Why

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $91.76 and last traded at $91.69, with a volume of 222652 shares changing hands. The stock had previously closed at $90.89.

Avantis U.S. Large Cap Value ETF Trading Up 0.7%

The firm has a market cap of $12.20 billion, a P/E ratio of 15.70 and a beta of 0.94. The business’s fifty day simple moving average is $87.19 and its 200-day simple moving average is $82.09.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AVLV. NBT Bank N A NY purchased a new position in Avantis U.S. Large Cap Value ETF in the first quarter worth $35,000. Aventura Private Wealth LLC purchased a new stake in Avantis U.S. Large Cap Value ETF during the fourth quarter valued at about $43,000. Diversified Portfolios Inc. boosted its position in Avantis U.S. Large Cap Value ETF by 8.0% during the third quarter. Diversified Portfolios Inc. now owns 8,274 shares of the company’s stock valued at $598,000 after buying an additional 610 shares during the period. Hurley Capital LLC boosted its position in Avantis U.S. Large Cap Value ETF by 28.3% during the fourth quarter. Hurley Capital LLC now owns 2,859 shares of the company’s stock valued at $217,000 after buying an additional 631 shares during the period. Finally, Longview Financial Advisors Inc. purchased a new stake in Avantis U.S. Large Cap Value ETF during the first quarter valued at about $87,000.

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.