Parkshore Wealth Management Inc. Has $1.19 Million Holdings in Avantis Real Estate ETF $AVRE

Parkshore Wealth Management Inc. lessened its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 29.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 27,220 shares of the company’s stock after selling 11,363 shares during the period. Avantis Real Estate ETF makes up about 0.4% of Parkshore Wealth Management Inc.’s holdings, making the stock its 26th largest position. Parkshore Wealth Management Inc. owned 0.17% of Avantis Real Estate ETF worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AVRE. AQR Capital Management LLC grew its stake in Avantis Real Estate ETF by 38.9% in the first quarter. AQR Capital Management LLC now owns 29,597 shares of the company’s stock valued at $1,273,000 after acquiring an additional 8,289 shares during the period. Sentinel Wealth Management Inc. bought a new position in shares of Avantis Real Estate ETF in the second quarter valued at approximately $2,687,000. MML Investors Services LLC lifted its holdings in shares of Avantis Real Estate ETF by 13.4% in the second quarter. MML Investors Services LLC now owns 61,291 shares of the company’s stock valued at $2,707,000 after purchasing an additional 7,226 shares in the last quarter. North Ridge Wealth Advisors Inc. lifted its holdings in shares of Avantis Real Estate ETF by 0.3% in the second quarter. North Ridge Wealth Advisors Inc. now owns 103,133 shares of the company’s stock valued at $4,554,000 after purchasing an additional 301 shares in the last quarter. Finally, Flagstone Financial Management lifted its holdings in shares of Avantis Real Estate ETF by 9.0% in the third quarter. Flagstone Financial Management now owns 26,637 shares of the company’s stock valued at $1,185,000 after purchasing an additional 2,200 shares in the last quarter.

Avantis Real Estate ETF Stock Down 0.2%

AVRE stock opened at $47.76 on Friday. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $48.20. The stock’s 50 day moving average is $46.20 and its 200-day moving average is $45.26. The firm has a market capitalization of $802.37 million, a PE ratio of 28.60 and a beta of 0.92.

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.