Avantis Real Estate ETF $AVRE Shares Sold by WMG Financial Advisors LLC

WMG Financial Advisors LLC cut its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,837 shares of the company’s stock after selling 21,922 shares during the quarter. Avantis Real Estate ETF accounts for 1.0% of WMG Financial Advisors LLC’s portfolio, making the stock its 19th largest position. WMG Financial Advisors LLC owned 0.34% of Avantis Real Estate ETF worth $2,502,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AVRE. Empowered Funds LLC purchased a new stake in Avantis Real Estate ETF during the 4th quarter worth $50,048,000. Financial Plan Inc. purchased a new position in Avantis Real Estate ETF in the 4th quarter valued at about $26,155,000. Focus Partners Advisor Solutions LLC boosted its position in Avantis Real Estate ETF by 96.8% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock valued at $28,190,000 after buying an additional 312,084 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of Avantis Real Estate ETF by 46.7% during the third quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after acquiring an additional 152,261 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Avantis Real Estate ETF by 54.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 367,012 shares of the company’s stock valued at $15,976,000 after acquiring an additional 129,258 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

Shares of NYSEARCA AVRE opened at $48.17 on Tuesday. Avantis Real Estate ETF has a 1 year low of $42.98 and a 1 year high of $48.44. The stock’s 50-day simple moving average is $47.46 and its 200-day simple moving average is $45.89. The firm has a market cap of $809.26 million, a price-to-earnings ratio of 28.60 and a beta of 0.90.

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.