Capstone Financial Advisors Inc. Raises Holdings in Avantis Real Estate ETF $AVRE

Capstone Financial Advisors Inc. increased its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 9.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 305,545 shares of the company’s stock after buying an additional 25,300 shares during the period. Avantis Real Estate ETF comprises approximately 0.8% of Capstone Financial Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Capstone Financial Advisors Inc.’s holdings in Avantis Real Estate ETF were worth $13,493,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in shares of Avantis Real Estate ETF by 4.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 161,185 shares of the company’s stock valued at $6,933,000 after acquiring an additional 7,317 shares during the period. Forum Financial Management LP bought a new stake in Avantis Real Estate ETF during the first quarter valued at about $1,521,000. Allegiance Financial Group Advisory Services LLC boosted its position in Avantis Real Estate ETF by 10.4% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 230,095 shares of the company’s stock valued at $9,896,000 after purchasing an additional 21,681 shares in the last quarter. PCG Wealth Advisors LLC grew its stake in Avantis Real Estate ETF by 54.1% in the first quarter. PCG Wealth Advisors LLC now owns 33,993 shares of the company’s stock valued at $1,462,000 after purchasing an additional 11,928 shares during the last quarter. Finally, Parkworth Wealth Management Inc. raised its holdings in Avantis Real Estate ETF by 2.5% in the first quarter. Parkworth Wealth Management Inc. now owns 20,214 shares of the company’s stock worth $869,000 after purchasing an additional 494 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

AVRE stock opened at $43.91 on Friday. Avantis Real Estate ETF has a one year low of $37.71 and a one year high of $46.21. The firm has a market cap of $658.65 million, a price-to-earnings ratio of 28.60 and a beta of 0.93. The firm has a 50-day simple moving average of $44.46 and a two-hundred day simple moving average of $44.25.

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.