Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Unusually-High Trading Volume – Here’s Why

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw unusually-high trading volume on Tuesday . Approximately 1,439,787 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 1,080,582 shares.The stock last traded at $92.17 and had previously closed at $91.75.

Avantis U.S. Large Cap Value ETF Stock Performance

The stock has a market cap of $16.98 billion, a P/E ratio of 15.70 and a beta of 0.94. The business has a 50 day simple moving average of $90.22 and a 200-day simple moving average of $84.71.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its stake in Avantis U.S. Large Cap Value ETF by 11.1% in the second quarter. Ameriprise Financial Inc. now owns 3,054,363 shares of the company’s stock valued at $208,317,000 after acquiring an additional 304,507 shares during the last quarter. Fidelity D & D Bancorp Inc. increased its position in Avantis U.S. Large Cap Value ETF by 19.7% in the second quarter. Fidelity D & D Bancorp Inc. now owns 161,993 shares of the company’s stock worth $11,050,000 after buying an additional 26,691 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Avantis U.S. Large Cap Value ETF by 1.0% in the third quarter. NewEdge Advisors LLC now owns 205,550 shares of the company’s stock valued at $14,853,000 after buying an additional 2,075 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Avantis U.S. Large Cap Value ETF by 10.6% in the third quarter. JPMorgan Chase & Co. now owns 469,010 shares of the company’s stock valued at $33,891,000 after buying an additional 45,074 shares during the period. Finally, Aventura Private Wealth LLC purchased a new position in shares of Avantis U.S. Large Cap Value ETF during the 4th quarter valued at $43,000.

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.