Park Avenue Securities LLC Boosts Stock Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Park Avenue Securities LLC grew its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 22.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,532 shares of the company’s stock after buying an additional 9,077 shares during the period. Park Avenue Securities LLC owned 0.46% of Avantis Real Estate ETF worth $2,042,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Abacus Planning Group Inc. lifted its holdings in Avantis Real Estate ETF by 3.9% in the 1st quarter. Abacus Planning Group Inc. now owns 7,609 shares of the company’s stock worth $322,000 after purchasing an additional 289 shares in the last quarter. Pacific Life Fund Advisors LLC lifted its holdings in Avantis Real Estate ETF by 0.4% in the 4th quarter. Pacific Life Fund Advisors LLC now owns 81,099 shares of the company’s stock worth $3,512,000 after purchasing an additional 354 shares in the last quarter. Apella Capital LLC lifted its holdings in Avantis Real Estate ETF by 2.6% in the 1st quarter. Apella Capital LLC now owns 27,799 shares of the company’s stock worth $1,167,000 after purchasing an additional 700 shares in the last quarter. Flagstone Financial Management raised its holdings in shares of Avantis Real Estate ETF by 6.1% during the 1st quarter. Flagstone Financial Management now owns 17,865 shares of the company’s stock worth $755,000 after acquiring an additional 1,024 shares in the last quarter. Finally, First Ascent Asset Management LLC raised its holdings in shares of Avantis Real Estate ETF by 7.1% during the 4th quarter. First Ascent Asset Management LLC now owns 34,611 shares of the company’s stock worth $1,499,000 after acquiring an additional 2,286 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

Shares of AVRE traded down $0.15 during mid-day trading on Wednesday, hitting $43.71. 35,664 shares of the stock were exchanged, compared to its average volume of 51,847. The company has a market cap of $466.82 million, a PE ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a 52-week low of $35.03 and a 52-week high of $44.62. The firm has a 50-day moving average of $42.09 and a two-hundred day moving average of $41.45.

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.