Avantis Real Estate ETF $AVRE Holdings Boosted by Lam Group Inc.

Lam Group Inc. increased its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 28.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 132,335 shares of the company’s stock after purchasing an additional 28,965 shares during the quarter. Avantis Real Estate ETF accounts for about 3.2% of Lam Group Inc.’s holdings, making the stock its 9th biggest holding. Lam Group Inc.’s holdings in Avantis Real Estate ETF were worth $5,825,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sprinkle Financial Consultants LLC increased its holdings in shares of Avantis Real Estate ETF by 39.9% in the 1st quarter. Sprinkle Financial Consultants LLC now owns 53,546 shares of the company’s stock valued at $2,357,000 after acquiring an additional 15,277 shares during the period. Prairiewood Capital LLC lifted its stake in shares of Avantis Real Estate ETF by 8.1% during the 1st quarter. Prairiewood Capital LLC now owns 308,563 shares of the company’s stock worth $13,583,000 after purchasing an additional 23,026 shares during the last quarter. Corient Private Wealth LLC boosted its position in Avantis Real Estate ETF by 5.0% during the fourth quarter. Corient Private Wealth LLC now owns 170,079 shares of the company’s stock valued at $7,404,000 after purchasing an additional 8,130 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in Avantis Real Estate ETF by 154.3% during the fourth quarter. Axxcess Wealth Management LLC now owns 61,803 shares of the company’s stock valued at $2,690,000 after purchasing an additional 37,498 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Avantis Real Estate ETF by 1.0% in the fourth quarter. AQR Capital Management LLC now owns 33,766 shares of the company’s stock valued at $1,470,000 after purchasing an additional 331 shares during the last quarter.

Avantis Real Estate ETF Price Performance

AVRE opened at $48.42 on Friday. The firm has a market capitalization of $813.46 million, a PE ratio of 28.60 and a beta of 0.90. The business’s 50-day moving average is $47.44 and its two-hundred day moving average is $45.84. Avantis Real Estate ETF has a 1 year low of $42.98 and a 1 year high of $48.42.

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.