Park Avenue Securities LLC Grows Position in Avantis Real Estate ETF $AVRE

Park Avenue Securities LLC increased its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 13.4% in the second quarter, Holdings Channel reports. The fund owned 88,126 shares of the company’s stock after purchasing an additional 10,395 shares during the quarter. Park Avenue Securities LLC’s holdings in Avantis Real Estate ETF were worth $3,892,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Seaside Wealth Management Inc. lifted its stake in Avantis Real Estate ETF by 3.8% in the second quarter. Seaside Wealth Management Inc. now owns 229,823 shares of the company’s stock worth $10,149,000 after acquiring an additional 8,436 shares during the period. ShankerValleau Wealth Advisors Inc. lifted its position in shares of Avantis Real Estate ETF by 2.1% during the second quarter. ShankerValleau Wealth Advisors Inc. now owns 337,781 shares of the company’s stock valued at $14,916,000 after buying an additional 6,954 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of Avantis Real Estate ETF during the first quarter valued at about $13,075,000. Empowered Funds LLC lifted its position in shares of Avantis Real Estate ETF by 1.1% during the first quarter. Empowered Funds LLC now owns 1,201,130 shares of the company’s stock valued at $51,661,000 after buying an additional 13,336 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Avantis Real Estate ETF by 3,704.8% during the first quarter. Jones Financial Companies Lllp now owns 25,911 shares of the company’s stock valued at $1,114,000 after buying an additional 25,230 shares during the last quarter.

Avantis Real Estate ETF Stock Performance

AVRE stock opened at $44.80 on Tuesday. The firm has a market cap of $620.03 million, a price-to-earnings ratio of 28.60 and a beta of 0.96. The firm has a 50-day simple moving average of $44.50 and a two-hundred day simple moving average of $43.70. Avantis Real Estate ETF has a one year low of $37.71 and a one year high of $47.54.

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.