North Ridge Wealth Advisors Inc. Increases Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

North Ridge Wealth Advisors Inc. increased its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,323 shares of the company’s stock after acquiring an additional 4,885 shares during the quarter. Avantis Real Estate ETF comprises about 3.3% of North Ridge Wealth Advisors Inc.’s investment portfolio, making the stock its 10th biggest position. North Ridge Wealth Advisors Inc.’s holdings in Avantis Real Estate ETF were worth $4,341,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in Avantis Real Estate ETF in the 4th quarter worth $136,000. Wealthcare Advisory Partners LLC acquired a new stake in Avantis Real Estate ETF in the 4th quarter worth $221,000. Cypress Point Wealth Management LLC acquired a new stake in Avantis Real Estate ETF in the 2nd quarter worth $211,000. Simplicity Wealth LLC acquired a new stake in Avantis Real Estate ETF in the 2nd quarter worth $313,000. Finally, Abacus Planning Group Inc. grew its position 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 during the last quarter.

Avantis Real Estate ETF Stock Up 0.9 %

NYSEARCA AVRE traded up $0.41 during midday trading on Friday, hitting $46.30. The company had a trading volume of 11,139 shares, compared to its average volume of 49,137. The stock has a market cap of $494.48 million, a price-to-earnings ratio of 19.23 and a beta of 0.85. The firm has a fifty day simple moving average of $43.46 and a two-hundred day simple moving average of $41.91. Avantis Real Estate ETF has a fifty-two week low of $35.03 and a fifty-two week high of $46.32.

Avantis Real Estate ETF Company 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.