Envestnet Asset Management Inc. Acquires 430,680 Shares of Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC)

Envestnet Asset Management Inc. grew its holdings in shares of Avantis U.S. Large Cap Equity ETF (NYSEARCA:AVLC) by 3,200.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 444,137 shares of the company’s stock after buying an additional 430,680 shares during the quarter. Envestnet Asset Management Inc. owned 5.44% of Avantis U.S. Large Cap Equity ETF worth $28,514,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cypress Point Wealth Management LLC grew its stake in Avantis U.S. Large Cap Equity ETF by 40.4% in the first quarter. Cypress Point Wealth Management LLC now owns 458,063 shares of the company’s stock worth $29,408,000 after purchasing an additional 131,888 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Avantis U.S. Large Cap Equity ETF during the 4th quarter valued at $27,642,000. Simplicity Wealth LLC bought a new stake in Avantis U.S. Large Cap Equity ETF during the 1st quarter valued at $21,732,000. Grimes & Company Inc. boosted its position in Avantis U.S. Large Cap Equity ETF by 111.5% during the 1st quarter. Grimes & Company Inc. now owns 143,814 shares of the company’s stock valued at $9,233,000 after acquiring an additional 75,802 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Avantis U.S. Large Cap Equity ETF by 10.1% during the 4th quarter. LPL Financial LLC now owns 120,167 shares of the company’s stock valued at $8,117,000 after acquiring an additional 11,004 shares in the last quarter.

Avantis U.S. Large Cap Equity ETF Trading Up 0.2%

Shares of NYSEARCA AVLC opened at $71.98 on Tuesday. The stock has a market capitalization of $669.41 million, a PE ratio of 22.04 and a beta of 1.06. The stock’s fifty day simple moving average is $68.83 and its two-hundred day simple moving average is $67.03. Avantis U.S. Large Cap Equity ETF has a 12-month low of $55.47 and a 12-month high of $72.34.

Avantis U.S. Large Cap Equity ETF Profile

The Avantis U.S. Large Cap Equity ETF (AVLC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in US large-cap stocks of companies perceived to have high-growth characteristics and attractive valuations. The fund aims for long-term capital appreciation AVLC was launched on Sep 26, 2023 and is issued by American Century Investments.