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) shares saw strong trading volume on Tuesday . 385,031 shares traded hands during mid-day 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 Price Performance

The firm has a market capitalization of $5.41 billion, a P/E ratio of 16.43 and a beta of 1.01. The company has a fifty day moving average of $68.56 and a 200 day moving average of $67.56.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in 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 during the period. Nixon Peabody Trust Co. grew its position in shares of Avantis U.S. Large Cap Value ETF by 7.8% during the 3rd quarter. Nixon Peabody Trust Co. now owns 859,673 shares of the company’s stock worth $56,592,000 after buying an additional 61,928 shares during the period. Fidelity D & D Bancorp Inc. increased its stake in shares of Avantis U.S. Large Cap Value ETF by 13.9% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 115,176 shares of the company’s stock valued at $7,582,000 after acquiring an additional 14,016 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Avantis U.S. Large Cap Value ETF by 73.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 33,372 shares of the company’s stock valued at $2,197,000 after acquiring an additional 14,131 shares during the period. Finally, Magnolia Private Wealth LLC bought a new position in Avantis U.S. Large Cap Value ETF during the fourth quarter worth $387,000.

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.