Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) Sees Large Volume Increase – Still a Buy?

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw an uptick in trading volume on Tuesday . 676,153 shares traded hands during trading, an increase of 82% from the previous session’s volume of 371,653 shares.The stock last traded at $67.77 and had previously closed at $67.23.

Avantis U.S. Large Cap Value ETF Stock Up 0.5 %

The company’s fifty day moving average price is $68.76 and its two-hundred day moving average price is $66.01. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 12.52 and a beta of 0.93.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Nixon Peabody Trust Co. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 7.8% in the third quarter. Nixon Peabody Trust Co. now owns 859,673 shares of the company’s stock valued at $56,592,000 after buying an additional 61,928 shares in the last quarter. Strategic Blueprint LLC increased its position in Avantis U.S. Large Cap Value ETF by 1.4% in the 3rd quarter. Strategic Blueprint LLC now owns 311,179 shares of the company’s stock valued at $20,485,000 after acquiring an additional 4,441 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Avantis U.S. Large Cap Value ETF by 18.5% during the third quarter. JPMorgan Chase & Co. now owns 193,366 shares of the company’s stock worth $12,729,000 after purchasing an additional 30,251 shares in the last quarter. First National Bank Sioux Falls grew its stake in shares of Avantis U.S. Large Cap Value ETF by 12.2% during the fourth quarter. First National Bank Sioux Falls now owns 176,862 shares of the company’s stock valued at $11,809,000 after purchasing an additional 19,181 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. increased its holdings in shares of Avantis U.S. Large Cap Value ETF by 13.9% in the third quarter. Fidelity D & D Bancorp Inc. now owns 115,176 shares of the company’s stock valued at $7,582,000 after purchasing an additional 14,016 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.