Parkshore Wealth Management Inc. Trims Holdings in Avantis Real Estate ETF $AVRE

Parkshore Wealth Management Inc. lessened its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 29.5% during the fourth quarter, Holdings Channel reports. The firm owned 27,220 shares of the company’s stock after selling 11,363 shares during the quarter. Avantis Real Estate ETF makes up about 0.4% of Parkshore Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest position. Parkshore Wealth Management Inc.’s holdings in Avantis Real Estate ETF were worth $1,185,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Equita Financial Network Inc. increased its holdings in Avantis Real Estate ETF by 10.8% during the 4th quarter. Equita Financial Network Inc. now owns 208,603 shares of the company’s stock valued at $9,080,000 after purchasing an additional 20,318 shares during the period. Nicolet Advisory Services LLC increased its holdings in Avantis Real Estate ETF by 46.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after purchasing an additional 152,261 shares during the period. Park Avenue Securities LLC increased its holdings in Avantis Real Estate ETF by 12.2% during the 4th quarter. Park Avenue Securities LLC now owns 113,430 shares of the company’s stock valued at $4,938,000 after purchasing an additional 12,356 shares during the period. Envestnet Asset Management Inc. increased its holdings in Avantis Real Estate ETF by 17.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 210,300 shares of the company’s stock valued at $9,354,000 after purchasing an additional 31,073 shares during the period. Finally, Vestment Financial LLC grew its holdings in shares of Avantis Real Estate ETF by 10.1% during the 4th quarter. Vestment Financial LLC now owns 152,563 shares of the company’s stock worth $6,711,000 after acquiring an additional 14,057 shares during the period.

Avantis Real Estate ETF Stock Performance

Shares of NYSEARCA:AVRE opened at $47.76 on Friday. Avantis Real Estate ETF has a 52-week low of $42.98 and a 52-week high of $48.20. The firm has a market capitalization of $802.37 million, a P/E ratio of 28.60 and a beta of 0.92. The stock has a 50 day moving average price of $46.20 and a 200-day moving average price of $45.26.

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.