Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Reaches New 12-Month High – Here’s Why

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) reached a new 52-week high during trading on Friday . The company traded as high as $70.09 and last traded at $70.09, with a volume of 2927 shares traded. The stock had previously closed at $69.71.

Avantis U.S. Large Cap Value ETF Trading Up 0.8 %

The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93. The firm’s 50-day moving average is $66.79 and its two-hundred day moving average is $64.41.

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

Several large investors have recently bought and sold shares of AVLV. Nixon Peabody Trust Co. boosted its stake in shares of Avantis U.S. Large Cap Value ETF by 37.3% in the second quarter. Nixon Peabody Trust Co. now owns 797,745 shares of the company’s stock worth $50,130,000 after acquiring an additional 216,892 shares during the last quarter. Fidelity D & D Bancorp Inc. acquired a new stake in Avantis U.S. Large Cap Value ETF during the 2nd quarter worth $6,357,000. Advantage Trust Co grew its holdings in shares of Avantis U.S. Large Cap Value ETF by 4,029.8% during the third quarter. Advantage Trust Co now owns 63,392 shares of the company’s stock worth $4,173,000 after buying an additional 61,857 shares in the last quarter. First National Bank Sioux Falls raised its position in shares of Avantis U.S. Large Cap Value ETF by 16.1% in the third quarter. First National Bank Sioux Falls now owns 157,681 shares of the company’s stock valued at $10,380,000 after buying an additional 21,818 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in shares of Avantis U.S. Large Cap Value ETF by 36.7% in the second quarter. Fortitude Family Office LLC now owns 73,424 shares of the company’s stock worth $4,614,000 after buying an additional 19,718 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.