WorthPointe LLC Cuts Stock Holdings in Avantis Real Estate ETF $AVRE

WorthPointe LLC lowered its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,446 shares of the company’s stock after selling 4,048 shares during the quarter. Avantis Real Estate ETF comprises about 4.4% of WorthPointe LLC’s portfolio, making the stock its 6th biggest holding. WorthPointe LLC owned 1.72% of Avantis Real Estate ETF worth $10,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Avantis Real Estate ETF during the 1st quarter worth about $31,000. Clune & Associates LTD. increased its stake in shares of Avantis Real Estate ETF by 5.5% during the second quarter. Clune & Associates LTD. now owns 4,985 shares of the company’s stock valued at $220,000 after acquiring an additional 262 shares during the period. Curio Wealth LLC increased its stake in shares of Avantis Real Estate ETF by 48,318.2% during the second quarter. Curio Wealth LLC now owns 5,326 shares of the company’s stock valued at $235,000 after acquiring an additional 5,315 shares during the period. FMB Wealth Management raised its holdings in Avantis Real Estate ETF by 10.1% during the second quarter. FMB Wealth Management now owns 5,800 shares of the company’s stock worth $256,000 after purchasing an additional 533 shares in the last quarter. Finally, Keb Asset Management LLC acquired a new stake in Avantis Real Estate ETF in the first quarter worth approximately $278,000.

Avantis Real Estate ETF Stock Performance

Shares of NYSEARCA AVRE opened at $43.92 on Tuesday. Avantis Real Estate ETF has a 1 year low of $37.71 and a 1 year high of $46.21. The firm has a market cap of $658.80 million, a P/E ratio of 28.60 and a beta of 0.93. The stock has a fifty day moving average price of $44.53 and a two-hundred day moving average price of $44.18.

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.