Seaside Wealth Management Inc. Has $7.65 Million Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Seaside Wealth Management Inc. lifted its position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,640 shares of the company’s stock after purchasing an additional 7,321 shares during the period. Avantis Real Estate ETF accounts for approximately 3.2% of Seaside Wealth Management Inc.’s portfolio, making the stock its 8th largest position. Seaside Wealth Management Inc. owned 1.74% of Avantis Real Estate ETF worth $7,652,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in shares of Avantis Real Estate ETF by 16.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,647 shares of the company’s stock worth $436,000 after buying an additional 1,497 shares during the last quarter. Sprinkle Financial Consultants LLC bought a new stake in Avantis Real Estate ETF in the fourth quarter valued at $540,000. Pacific Life Fund Advisors LLC increased its position in Avantis Real Estate ETF by 0.4% during the 4th quarter. Pacific Life Fund Advisors LLC now owns 81,099 shares of the company’s stock valued at $3,512,000 after purchasing an additional 354 shares during the period. Park Avenue Securities LLC raised its holdings in Avantis Real Estate ETF by 22.4% in the 2nd quarter. Park Avenue Securities LLC now owns 49,532 shares of the company’s stock worth $2,042,000 after purchasing an additional 9,077 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Avantis Real Estate ETF in the 2nd quarter worth about $313,000.

Avantis Real Estate ETF Stock Performance

AVRE stock opened at $47.43 on Thursday. The business’s 50 day moving average price is $44.25 and its two-hundred day moving average price is $42.19. The company has a market capitalization of $506.55 million, a price-to-earnings ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a fifty-two week low of $35.03 and a fifty-two week high of $47.51.

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.