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

Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw unusually-strong trading volume on Thursday . Approximately 2,038,372 shares were traded during trading, an increase of 413% from the previous session’s volume of 397,112 shares.The stock last traded at $59.77 and had previously closed at $61.80.

Avantis U.S. Large Cap Value ETF Stock Performance

The business’s 50 day moving average is $66.19 and its 200-day moving average is $67.42. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of 15.83 and a beta of 1.01.

Avantis U.S. Large Cap Value ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.2671 per share. The ex-dividend date was Tuesday, March 25th. This is an increase from Avantis U.S. Large Cap Value ETF’s previous dividend of $0.26.

Institutional Trading of Avantis U.S. Large Cap Value ETF

Several large investors have recently made changes to their positions in AVLV. NBC Securities Inc. acquired a new position in shares of Avantis U.S. Large Cap Value ETF during the 1st quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in Avantis U.S. Large Cap Value ETF during the fourth quarter worth $41,000. Lam Group Inc. grew its holdings in Avantis U.S. Large Cap Value ETF by 20.0% in the 4th quarter. Lam Group Inc. now owns 7,455 shares of the company’s stock valued at $498,000 after buying an additional 1,245 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Avantis U.S. Large Cap Value ETF during the 4th quarter worth $96,000. Finally, BIP Wealth LLC boosted its position in shares of Avantis U.S. Large Cap Value ETF by 52.8% during the 4th quarter. BIP Wealth LLC now owns 7,496 shares of the company’s stock valued at $501,000 after acquiring an additional 2,591 shares during 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.