Sequoia Financial Advisors LLC Raises Stake in Avantis Real Estate ETF $AVRE

Sequoia Financial Advisors LLC lifted its position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 54.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 367,012 shares of the company’s stock after buying an additional 129,258 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Avantis Real Estate ETF were worth $15,976,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its holdings 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 worth $88,000 after buying an additional 1,776 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Avantis Real Estate ETF during the fourth quarter worth about $182,000. W.H. Cornerstone Investments Inc. purchased a new stake in shares of Avantis Real Estate ETF during the third quarter worth about $201,000. Tortoise Investment Management LLC grew its holdings 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 buying an additional 900 shares in the last quarter. Finally, Global Trust Wealth Management LLC purchased a new stake in shares of Avantis Real Estate ETF during the fourth quarter worth about $265,000.

Avantis Real Estate ETF Price Performance

Shares of NYSEARCA AVRE opened at $47.63 on Friday. The company has a market cap of $800.18 million, a PE ratio of 28.60 and a beta of 0.92. Avantis Real Estate ETF has a 12 month low of $42.83 and a 12 month high of $48.20. The company has a 50-day simple moving average of $46.03 and a 200-day simple moving average of $45.05.

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.