Cherry Tree Wealth Management LLC Acquires 12,447 Shares of Avantis Real Estate ETF $AVRE

Cherry Tree Wealth Management LLC boosted its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 1,318.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,391 shares of the company’s stock after acquiring an additional 12,447 shares during the period. Cherry Tree Wealth Management LLC owned 0.07% of Avantis Real Estate ETF worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Empowered Funds LLC lifted its stake in Avantis Real Estate ETF by 7.6% in the 1st quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock worth $54,478,000 after purchasing an additional 87,835 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Avantis Real Estate ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 1,031,592 shares of the company’s stock valued at $48,877,000 after purchasing an additional 43,925 shares in the last quarter. Financial Plan Inc. grew its position in shares of Avantis Real Estate ETF by 18.6% in the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock valued at $31,357,000 after purchasing an additional 111,473 shares in the last quarter. Quantum Financial Advisors LLC grew its position in shares of Avantis Real Estate ETF by 7.3% in the second quarter. Quantum Financial Advisors LLC now owns 455,253 shares of the company’s stock valued at $21,570,000 after purchasing an additional 31,011 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. increased its holdings in shares of Avantis Real Estate ETF by 2.8% in the second quarter. ShankerValleau Wealth Advisors Inc. now owns 384,164 shares of the company’s stock valued at $18,202,000 after purchasing an additional 10,520 shares during the last quarter.

Avantis Real Estate ETF Price Performance

Shares of NYSEARCA:AVRE traded up $0.42 during midday trading on Thursday, hitting $44.94. The company had a trading volume of 33,479 shares, compared to its average volume of 67,917. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $49.72. The stock has a market cap of $862.75 million, a price-to-earnings ratio of 28.60 and a beta of 0.89. The business’s 50-day simple moving average is $46.39 and its 200-day simple moving average is $47.05.

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.