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) hit a new 52-week high on Friday . The company 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 stock’s 50 day simple moving average is $71.21 and its two-hundred day simple moving average is $67.42. The firm has a market cap of $8.32 billion, a P/E ratio of 15.70 and a beta of 0.99.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of Avantis U.S. Large Cap Value ETF during the first quarter valued at approximately $25,000. Hurley Capital LLC increased its position in shares of Avantis U.S. Large Cap Value ETF by 501.1% during the second quarter. Hurley Capital LLC now owns 541 shares of the company’s stock valued at $37,000 after acquiring an additional 451 shares in the last quarter. Creative Capital Management Investments LLC increased its position in shares of Avantis U.S. Large Cap Value ETF by 58.1% during the first quarter. Creative Capital Management Investments LLC now owns 743 shares of the company’s stock valued at $48,000 after acquiring an additional 273 shares in the last quarter. TIAA Trust National Association bought a new stake in shares of Avantis U.S. Large Cap Value ETF during the second quarter valued at approximately $216,000. Finally, Team Financial Group LLC increased its position in shares of Avantis U.S. Large Cap Value ETF by 86.0% during the first quarter. Team Financial Group LLC now owns 5,966 shares of the company’s stock valued at $389,000 after acquiring an additional 2,758 shares in 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.