This article first appeared on GuruFocus.
Avantis U.S. Large Cap Value ETF (AVLV) extended its buying streak in Thursday’s session, reporting $724.6 million in gross ETF activity against $713.9 million in net buying. AVLV increased 161 positions and trimmed 104, with the day’s largest purchase a new stake in Exxon Mobil. The fund’s assets stood at $22.69 billion.
What did AVLV buy on Thursday?
Its largest buys by dollar value were XOM ($569.1 million), WMT ($10.3 million) and NEM ($6.4 million).
What did AVLV sell on Thursday?
Its largest sells by dollar value were COST ($1.2 million), CAT ($0.6 million) and CB ($0.4 million).
The largest buy was a new position in Exxon Mobil (XOM) worth $569.1 million, at 2.49% of assets. AVLV also added $10.3 million of Walmart (WMT), $6.4 million of Newmont (NEM), $6.4 million of Eli Lilly (LLY) and $5.2 million of Accenture (ACN). On the sell side, the fund trimmed Costco (COST) by $1.2 million, Caterpillar (CAT) by $0.6 million, Chubb (CB) by $0.4 million, Goldman Sachs (GS) by $0.2 million and MetLife (MET) by $0.2 million; no positions were fully exited.
How does AVLV invest?
Avantis U.S. Large Cap Value ETF (AVLV) is an Equity US fund in the Equity asset class holding 286 stocks, with 26.4% of assets in its 10 largest holdings. Its largest sectors are Financial Services at 22.7%, Energy at 14.9% and Consumer Cyclical at 14.7%, and its market-cap mix is 92.3% large cap, 7.7% mid cap and 0.0% small cap. The fund charges 0.15% and its top holdings are Microsoft at 3.36%, Meta Platforms at 3.0%, Amazon.com at 2.83%, Apple at 2.81% and Micron Technology at 2.68%. It has a GF Score of 83, a P/E of 14.59, a P/B of 2.71, a dividend yield of 1.0% and a year-to-date return of 24.61%.
