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 reached a new 52-week high on Tuesday . The company traded as high as $79.33 and last traded at $79.2220, with a volume of 22616 shares traded. The stock had previously closed at $79.14.

Avantis U.S. Large Cap Value ETF Price Performance

The stock has a 50-day simple moving average of $74.98 and a 200 day simple moving average of $72.40. The company has a market capitalization of $9.54 billion, a PE ratio of 15.70 and a beta of 0.99.

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

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its holdings in shares of Avantis U.S. Large Cap Value ETF by 16.8% in the third quarter. Ameriprise Financial Inc. now owns 3,568,058 shares of the company’s stock valued at $257,768,000 after purchasing an additional 513,695 shares in the last quarter. Nixon Peabody Trust Co. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 2.5% during the 2nd quarter. Nixon Peabody Trust Co. now owns 1,034,603 shares of the company’s stock worth $70,570,000 after purchasing an additional 24,775 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Avantis U.S. Large Cap Value ETF by 10.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 469,010 shares of the company’s stock worth $33,891,000 after purchasing an additional 45,074 shares during the last quarter. Strategic Blueprint LLC lifted its stake in Avantis U.S. Large Cap Value ETF by 1.1% in the 3rd quarter. Strategic Blueprint LLC now owns 358,864 shares of the company’s stock valued at $25,932,000 after buying an additional 3,966 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Avantis U.S. Large Cap Value ETF by 146.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 330,146 shares of the company’s stock valued at $22,519,000 after buying an additional 196,337 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.