Avantis Real Estate ETF $AVRE Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,124,974 shares of the company’s stock after selling 76,156 shares during the period. Avantis Real Estate ETF makes up 0.6% of Empowered Funds LLC’s investment portfolio, making the stock its 17th biggest holding. Empowered Funds LLC owned 8.25% of Avantis Real Estate ETF worth $49,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capstone Financial Advisors Inc. increased its holdings in shares of Avantis Real Estate ETF by 9.0% in the second quarter. Capstone Financial Advisors Inc. now owns 305,545 shares of the company’s stock valued at $13,493,000 after purchasing an additional 25,300 shares during the period. Good Life Advisors LLC increased its stake in Avantis Real Estate ETF by 3.4% in the 2nd quarter. Good Life Advisors LLC now owns 8,419 shares of the company’s stock valued at $372,000 after buying an additional 274 shares during the period. Austin Wealth Management LLC increased its stake in Avantis Real Estate ETF by 64.0% in the 2nd quarter. Austin Wealth Management LLC now owns 121,431 shares of the company’s stock valued at $5,286,000 after buying an additional 47,375 shares during the period. Valued Wealth Advisors LLC raised its position in Avantis Real Estate ETF by 4.6% during the 2nd quarter. Valued Wealth Advisors LLC now owns 79,896 shares of the company’s stock worth $3,528,000 after buying an additional 3,518 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Avantis Real Estate ETF by 92.7% in the 2nd quarter. AE Wealth Management LLC now owns 20,450 shares of the company’s stock worth $903,000 after acquiring an additional 9,836 shares during the period.

Avantis Real Estate ETF Stock Down 0.6%

Shares of NYSEARCA:AVRE opened at $43.79 on Tuesday. Avantis Real Estate ETF has a fifty-two week low of $37.71 and a fifty-two week high of $46.21. The firm’s 50-day simple moving average is $44.43 and its 200-day simple moving average is $44.28. The company has a market cap of $656.85 million, a price-to-earnings ratio of 28.60 and a beta of 0.93.

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.