Avantis Real Estate ETF $AVRE Shares Newly Acquired by Level Financial Advisors

Level Financial Advisors bought a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) in the 3rd quarter, Holdings Channel reports. The fund bought 175,139 shares of the company’s stock, valued at approximately $7,767,000. Avantis Real Estate ETF makes up 1.7% of Level Financial Advisors’ holdings, making the stock its 19th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sprinkle Financial Consultants LLC grew its holdings in shares of Avantis Real Estate ETF by 19.0% during the third quarter. Sprinkle Financial Consultants LLC now owns 73,868 shares of the company’s stock worth $3,276,000 after buying an additional 11,777 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Avantis Real Estate ETF by 29.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 32,748 shares of the company’s stock valued at $1,452,000 after acquiring an additional 7,496 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Avantis Real Estate ETF during the 3rd quarter valued at approximately $1,224,000. Apella Capital LLC acquired a new stake in Avantis Real Estate ETF during the 3rd quarter worth approximately $1,290,000. Finally, Collective Family Office LLC acquired a new stake in Avantis Real Estate ETF during the 3rd quarter worth approximately $5,726,000.

Avantis Real Estate ETF Price Performance

Shares of AVRE stock traded up $0.05 during midday trading on Tuesday, hitting $44.83. The company had a trading volume of 143,271 shares, compared to its average volume of 67,301. The company’s 50 day simple moving average is $46.55 and its 200 day simple moving average is $47.03. Avantis Real Estate ETF has a 52-week low of $42.98 and a 52-week high of $49.72. The stock has a market cap of $860.74 million, a price-to-earnings ratio of 28.60 and a beta of 0.89.

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.