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? Is AVLV fairly valued? Test your thesis with our free DCF calculator. Its largest buys by dollar value were XOM ($585.4 million), QCOM ($26.5 million) and HL ($7.7 million). Stock Shares changed Value Position EXXONMOBIL HOLDINGS CORP COMMON STOCK (XOM) +3,193,782 $585.4M New position QUALCOMM INC COMMON STOCK USD.0001 (QCOM) +142,668 $26.5M 0.98% of fund HECLA MINING CO COMMON STOCK USD.25 (HL) +530,819 $7.7M 0.
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