Nicolet Advisory Services LLC Lowers Stock Position in Avantis Real Estate ETF $AVRE

Nicolet Advisory Services LLC reduced its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,797 shares of the company’s stock after selling 89,828 shares during the quarter. Avantis Real Estate ETF comprises approximately 1.2% of Nicolet Advisory Services LLC’s portfolio, making the stock its 19th biggest holding. Nicolet Advisory Services LLC’s holdings in Avantis Real Estate ETF were worth $17,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Garrison Point Advisors LLC raised its stake in Avantis Real Estate ETF by 3.6% in the fourth quarter. Garrison Point Advisors LLC now owns 7,942 shares of the company’s stock valued at $346,000 after purchasing an additional 278 shares in the last quarter. North Ridge Wealth Advisors Inc. raised its stake in Avantis Real Estate ETF by 0.3% in the second quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock valued at $4,554,000 after purchasing an additional 301 shares in the last quarter. Curio Wealth LLC raised its stake in Avantis Real Estate ETF by 6.4% in the fourth quarter. Curio Wealth LLC now owns 5,903 shares of the company’s stock valued at $258,000 after purchasing an additional 353 shares in the last quarter. Nwam LLC raised its stake in Avantis Real Estate ETF by 7.6% in the fourth quarter. Nwam LLC now owns 5,385 shares of the company’s stock valued at $234,000 after purchasing an additional 382 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Avantis Real Estate ETF by 2.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,973 shares of the company’s stock valued at $652,000 after purchasing an additional 403 shares in the last quarter.

Avantis Real Estate ETF Price Performance

Shares of AVRE opened at $47.97 on Friday. The firm’s 50 day simple moving average is $47.11 and its 200 day simple moving average is $45.62. The company has a market capitalization of $805.90 million, a P/E ratio of 28.60 and a beta of 0.90. Avantis Real Estate ETF has a 1-year low of $42.98 and a 1-year high of $48.20.

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.