Avantis Real Estate ETF $AVRE Stock Purchased by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC raised its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391,743 shares of the company’s stock after purchasing an additional 18,328 shares during the quarter. Avantis Real Estate ETF makes up about 2.8% of Allegiance Financial Group Advisory Services LLC’s holdings, making the stock its 13th biggest holding. Allegiance Financial Group Advisory Services LLC owned about 2.04% of Avantis Real Estate ETF worth $17,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Avantis Real Estate ETF during the 3rd quarter valued at about $34,000. Cherry Tree Wealth Management LLC increased its holdings in shares of Avantis Real Estate ETF by 79.1% during the second quarter. Cherry Tree Wealth Management LLC now owns 944 shares of the company’s stock valued at $45,000 after acquiring an additional 417 shares in the last quarter. Torren Management LLC raised its position in shares of Avantis Real Estate ETF by 7.7% in the 1st quarter. Torren Management LLC now owns 4,509 shares of the company’s stock worth $198,000 after purchasing an additional 323 shares during the last quarter. Cahill Financial Advisors Inc. purchased a new position in shares of Avantis Real Estate ETF in the 2nd quarter worth about $255,000. Finally, Evanson Financial LLC bought a new position in Avantis Real Estate ETF in the 2nd quarter worth about $280,000.

Avantis Real Estate ETF Price Performance

AVRE stock traded down $0.23 during trading on Friday, hitting $46.81. 66,015 shares of the stock traded hands, compared to its average volume of 68,771. The stock has a market cap of $898.75 million, a price-to-earnings ratio of 28.60 and a beta of 0.88. Avantis Real Estate ETF has a 1 year low of $42.98 and a 1 year high of $49.72. The firm’s 50 day moving average is $45.58 and its two-hundred day moving average is $46.62.

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.