This article first appeared on GuruFocus.
Avantis U.S. Large Cap Value ETF (AVLV) reported gross ETF activity of $740.5 million on Thursday, with $614.0 million net bought against $22.64 billion in assets. AVLV increased 173 positions and decreased 77, led by a $585.4 million purchase of Exxon Mobil.
What did AVLV buy on Thursday?
Its largest buys by dollar value were XOM ($585.4 million), QCOM ($26.5 million) and HL ($7.7 million).
What did AVLV sell on Thursday?
Its largest sells by dollar value were CAT ($32.6 million), COST ($15.5 million) and ACN ($5.1 million).
The largest buy was a new 3,193,782-share position in Exxon Mobil worth $585.4 million, or 2.58% of the fund. AVLV also added 142,668 Qualcomm shares for $26.5 million, 530,819 Hecla Mining shares for $7.7 million, 61,452 Flex shares for $5.7 million and 7,247 IDEXX Laboratories shares for $4.2 million. On the sell side, it cut 50,364 Caterpillar shares for $32.6 million and 15,538 Costco shares for $15.5 million, and trimmed Accenture, Old Dominion Freight Line and Valmont Industries. No positions were fully exited.
How does AVLV invest?
Avantis U.S. Large Cap Value ETF (AVLV) is an Equity US fund with $22.64 billion in assets across 274 holdings, with 26.8% of assets in its top 10. Its largest sectors are Financial Services at 22.5%, Energy at 15.4% and Consumer Cyclical at 15.1%, and its mix is 93.0% large-cap and 7.0% mid-cap. It charges 0.15% and its top holdings are Microsoft at 3.44%, Micron Technology at 2.95%, Meta Platforms at 2.91%, Apple at 2.84% and Amazon.com at 2.78%. AVLV has a GF Score of 84, a P/E of 14.59, a P/B of 2.71, a dividend yield of 0.99% and a year-to-date return of 25.19%.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
