Networth Advisors LLC Invests $2.85 Million in Avantis Real Estate ETF $AVRE

Networth Advisors LLC bought a new stake in Avantis Real Estate ETF (NYSEARCA:AVRE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 65,504 shares of the company’s stock, valued at approximately $2,851,000. Avantis Real Estate ETF comprises about 2.1% of Networth Advisors LLC’s holdings, making the stock its 14th largest position. Networth Advisors LLC owned approximately 0.42% of Avantis Real Estate ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. W.H. Cornerstone Investments Inc. purchased a new position in Avantis Real Estate ETF during the 3rd quarter worth approximately $201,000. Tortoise Investment Management LLC lifted its stake in Avantis Real Estate ETF by 22.9% in the third quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock valued at $215,000 after buying an additional 900 shares during the last quarter. Clune & Associates LTD. lifted its stake in Avantis Real Estate ETF by 20.7% in the third quarter. Clune & Associates LTD. now owns 6,015 shares of the company’s stock valued at $268,000 after buying an additional 1,030 shares during the last quarter. FMB Wealth Management boosted its holdings in shares of Avantis Real Estate ETF by 24.2% in the fourth quarter. FMB Wealth Management now owns 7,202 shares of the company’s stock valued at $314,000 after acquiring an additional 1,402 shares during the period. Finally, Willow Creek Wealth Management Inc. boosted its holdings in shares of Avantis Real Estate ETF by 6.6% in the third quarter. Willow Creek Wealth Management Inc. now owns 7,345 shares of the company’s stock valued at $327,000 after acquiring an additional 455 shares during the period.

Avantis Real Estate ETF Stock Performance

Shares of Avantis Real Estate ETF stock opened at $46.37 on Friday. The company has a market capitalization of $769.74 million, a P/E ratio of 28.60 and a beta of 0.92. Avantis Real Estate ETF has a 1 year low of $39.80 and a 1 year high of $47.81. The company’s fifty day moving average is $45.68 and its two-hundred day moving average is $44.67.

Avantis Real Estate ETF 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.