Avantis Real Estate ETF (NYSEARCA:AVRE) Position Lessened by WorthPointe LLC

WorthPointe LLC reduced its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 234,819 shares of the company’s stock after selling 3,584 shares during the period. Avantis Real Estate ETF comprises approximately 4.0% of WorthPointe LLC’s holdings, making the stock its 7th biggest holding. WorthPointe LLC owned 2.20% of Avantis Real Estate ETF worth $9,844,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AVRE. LPL Financial LLC grew its position in shares of Avantis Real Estate ETF by 43.7% in the fourth quarter. LPL Financial LLC now owns 153,877 shares of the company’s stock valued at $6,451,000 after purchasing an additional 46,787 shares during the period. American Century Companies Inc. grew its holdings in Avantis Real Estate ETF by 7.9% in the 4th quarter. American Century Companies Inc. now owns 302,921 shares of the company’s stock valued at $12,698,000 after buying an additional 22,105 shares during the period. Entrewealth LLC purchased a new stake in Avantis Real Estate ETF in the 4th quarter valued at about $457,000. Axxcess Wealth Management LLC increased its stake in shares of Avantis Real Estate ETF by 10.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 17,350 shares of the company’s stock valued at $727,000 after acquiring an additional 1,592 shares during the last quarter. Finally, Curio Wealth LLC acquired a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth approximately $207,000.

Avantis Real Estate ETF Stock Performance

Avantis Real Estate ETF stock opened at $43.41 on Tuesday. Avantis Real Estate ETF has a 1 year low of $38.74 and a 1 year high of $48.36. The firm has a 50 day moving average price of $43.04 and a 200 day moving average price of $44.23. The company has a market cap of $559.12 million, a price-to-earnings ratio of 25.53 and a beta of 1.01.

Avantis Real Estate ETF Company Profile

The Avantis Real Estate ETF (AVRE) is an exchange-traded fund that is based on the S&P Global REIT index. The fund is an actively managed fund that provides broad exposure to real estate securities around the world. AVRE was launched on Sep 28, 2021 and is managed by American Century Investments.