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

Shares of Avantis U.S. Large Cap Value ETF (NYSEARCA:AVLV) saw unusually-high trading volume on Tuesday . Approximately 385,031 shares changed hands during trading, an increase of 20% from the previous session’s volume of 320,532 shares.The stock last traded at $64.75 and had previously closed at $65.32.

Avantis U.S. Large Cap Value ETF Trading Down 0.2 %

The company’s 50 day moving average is $68.47 and its 200-day moving average is $67.54. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 16.43 and a beta of 1.01.

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

Several hedge funds have recently modified their holdings of AVLV. JPMorgan Chase & Co. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 18.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 193,366 shares of the company’s stock valued at $12,729,000 after acquiring an additional 30,251 shares in the last quarter. Nixon Peabody Trust Co. lifted its stake in 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 purchasing an additional 61,928 shares during the last quarter. Fidelity D & D Bancorp Inc. boosted its position in Avantis U.S. Large Cap Value ETF by 13.9% during the third quarter. Fidelity D & D Bancorp Inc. now owns 115,176 shares of the company’s stock worth $7,582,000 after purchasing an additional 14,016 shares during the period. Magnolia Private Wealth LLC purchased a new stake in Avantis U.S. Large Cap Value ETF during the 4th quarter worth about $387,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in Avantis U.S. Large Cap Value ETF in the 4th quarter valued at $646,000.

Avantis U.S. Large Cap Value ETF Company Profile

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.