WMG Financial Advisors LLC lessened its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE – Free Report) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 94,357 shares of the company’s stock after selling 2,915 shares during the quarter. Avantis Real Estate ETF comprises about 1.5% of WMG Financial Advisors LLC’s portfolio, making the stock its 12th largest holding. WMG Financial Advisors LLC’s holdings in Avantis Real Estate ETF were worth $4,167,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of AVRE. Park Square Financial Group LLC purchased a new stake in shares of Avantis Real Estate ETF during the first quarter worth approximately $31,000. Clune & Associates LTD. purchased a new stake in shares of Avantis Real Estate ETF in the first quarter valued at $203,000. FMB Wealth Management purchased a new stake in shares of Avantis Real Estate ETF in the first quarter valued at $227,000. Keb Asset Management LLC purchased a new position in Avantis Real Estate ETF during the first quarter worth about $278,000. Finally, Cypress Point Wealth Management LLC lifted its position in Avantis Real Estate ETF by 19.4% during the first quarter. Cypress Point Wealth Management LLC now owns 7,284 shares of the company’s stock worth $313,000 after buying an additional 1,185 shares during the period.
Avantis Real Estate ETF Price Performance
Avantis Real Estate ETF stock opened at $43.67 on Friday. The company has a market cap of $655.05 million, a price-to-earnings ratio of 28.60 and a beta of 0.96. Avantis Real Estate ETF has a 12 month low of $37.71 and a 12 month high of $46.72. The stock’s 50-day moving average is $44.45 and its 200-day moving average is $43.79.
Avantis Real Estate ETF 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.
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