Avantis Real Estate ETF $AVRE Shares Sold by WMG Financial Advisors LLC

WMG Financial Advisors LLC cut its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 27.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,837 shares of the company’s stock after selling 21,922 shares during the period. Avantis Real Estate ETF accounts for 1.0% of WMG Financial Advisors LLC’s portfolio, making the stock its 19th largest position. WMG Financial Advisors LLC’s holdings in Avantis Real Estate ETF were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC grew its holdings in Avantis Real Estate ETF by 749.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock worth $88,000 after acquiring an additional 1,776 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Avantis Real Estate ETF in the 4th quarter valued at about $91,000. Torren Management LLC acquired a new stake in shares of Avantis Real Estate ETF in the 4th quarter valued at about $182,000. Tortoise Investment Management LLC lifted its position in shares of Avantis Real Estate ETF by 22.9% during the third quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock worth $215,000 after purchasing an additional 900 shares during the last quarter. Finally, Nwam LLC grew its stake in Avantis Real Estate ETF by 7.6% in the fourth quarter. Nwam LLC now owns 5,385 shares of the company’s stock worth $234,000 after purchasing an additional 382 shares in the last quarter.

Avantis Real Estate ETF Stock Down 0.5%

Shares of Avantis Real Estate ETF stock opened at $48.17 on Tuesday. The firm has a market cap of $809.26 million, a P/E ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a fifty-two week low of $42.98 and a fifty-two week high of $48.44. The business has a 50-day moving average price of $47.46 and a 200 day moving average price of $45.89.

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.