AE Wealth Management LLC Grows Holdings in Avantis Real Estate ETF (NYSEARCA:AVRE)

AE Wealth Management LLC grew its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 115.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 10,614 shares of the company’s stock after buying an additional 5,686 shares during the quarter. AE Wealth Management LLC’s holdings in Avantis Real Estate ETF were worth $456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVRE. Sequoia Financial Advisors LLC purchased a new position in Avantis Real Estate ETF in the 1st quarter worth approximately $5,365,000. Vestment Financial LLC purchased a new position in Avantis Real Estate ETF in the 4th quarter worth approximately $4,569,000. Simplicity Wealth LLC purchased a new position in Avantis Real Estate ETF in the 1st quarter worth approximately $4,184,000. Wealthcare Advisory Partners LLC purchased a new position in Avantis Real Estate ETF in the 1st quarter worth approximately $3,700,000. Finally, Capstone Financial Advisors Inc. grew its stake in Avantis Real Estate ETF by 29.5% in the 4th quarter. Capstone Financial Advisors Inc. now owns 342,631 shares of the company’s stock worth $14,363,000 after buying an additional 78,063 shares in the last quarter.

Avantis Real Estate ETF Price Performance

AVRE stock opened at $44.64 on Wednesday. Avantis Real Estate ETF has a one year low of $37.71 and a one year high of $48.36. The stock has a market cap of $608.89 million, a PE ratio of 28.60 and a beta of 0.96. The firm has a 50 day simple moving average of $44.23 and a two-hundred day simple moving average of $43.28.

Avantis Real Estate ETF 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.