Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 12-Month High – Still a Buy?

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) reached a new 52-week high on Wednesday. The stock traded as high as $95.34 and last traded at $95.3250, with a volume of 1,994,824 shares trading hands. The stock had previously closed at $93.74.

Avantis U.S. Large Cap Value ETF Trading Up 1.7%

The company’s 50 day moving average price is $92.95 and its two-hundred day moving average price is $88.43. The stock has a market cap of $22.92 billion, a P/E ratio of 15.70 and a beta of 0.94.

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

Hedge funds have recently added to or reduced their stakes in the company. NBT Bank N A NY bought a new position in Avantis U.S. Large Cap Value ETF in the first quarter worth about $35,000. GoalVest Advisory LLC acquired a new stake in Avantis U.S. Large Cap Value ETF in the third quarter valued at approximately $59,000. Arlington Trust Co LLC acquired a new stake in Avantis U.S. Large Cap Value ETF in the second quarter valued at approximately $125,000. Creative Capital Management Investments LLC purchased a new stake in shares of Avantis U.S. Large Cap Value ETF in the third quarter valued at approximately $260,000. Finally, Cahill Financial Advisors Inc. purchased a new stake in shares of Avantis U.S. Large Cap Value ETF in the second quarter valued at approximately $345,000.

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.