marrick wealth LLC Takes $2.21 Million Position in Avantis Real Estate ETF $AVRE

marrick wealth LLC purchased a new stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,686 shares of the company’s stock, valued at approximately $2,206,000. Avantis Real Estate ETF accounts for about 1.8% of marrick wealth LLC’s portfolio, making the stock its 10th biggest holding. marrick wealth LLC owned about 0.32% of Avantis Real Estate ETF at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Avantis Real Estate ETF by 749.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock valued at $88,000 after acquiring an additional 1,776 shares during the period. Lloyd Advisory Services LLC. bought a new stake in Avantis Real Estate ETF in the fourth quarter valued at about $91,000. Torren Management LLC bought a new stake in Avantis Real Estate ETF in the fourth quarter valued at about $182,000. Tortoise Investment Management LLC increased its holdings in Avantis Real Estate ETF by 22.9% in the third quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock valued at $215,000 after purchasing an additional 900 shares during the last quarter. Finally, Nwam LLC increased its holdings in Avantis Real Estate ETF by 7.6% in the fourth quarter. Nwam LLC now owns 5,385 shares of the company’s stock valued at $234,000 after purchasing an additional 382 shares during the last quarter.

Avantis Real Estate ETF Trading Up 0.6%

NYSEARCA AVRE opened at $47.97 on Friday. The stock has a 50-day simple moving average of $47.11 and a 200 day simple moving average of $45.62. The company has a market capitalization of $805.90 million, a PE ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a 12 month low of $42.98 and a 12 month high of $48.20.

About Avantis Real Estate ETF

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.