Level Financial Advisors Cuts Stock Holdings in Avantis Real Estate ETF (NYSEARCA:AVRE)

Level Financial Advisors cut its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,800 shares of the company’s stock after selling 2,123 shares during the quarter. Avantis Real Estate ETF makes up approximately 3.0% of Level Financial Advisors’ holdings, making the stock its 9th largest holding. Level Financial Advisors owned about 1.51% of Avantis Real Estate ETF worth $6,629,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AVRE. True Wealth Design LLC bought a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth about $136,000. Annapolis Financial Services LLC grew its stake in shares of Avantis Real Estate ETF by 514.4% in the fourth quarter. Annapolis Financial Services LLC now owns 4,645 shares of the company’s stock worth $201,000 after purchasing an additional 3,889 shares during the last quarter. Allworth Financial LP grew its stake in shares of Avantis Real Estate ETF by 586.0% in the fourth quarter. Allworth Financial LP now owns 4,857 shares of the company’s stock worth $210,000 after purchasing an additional 4,149 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth about $221,000. Finally, Good Life Advisors LLC bought a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth about $298,000.

Avantis Real Estate ETF Price Performance

AVRE traded up $0.16 on Thursday, hitting $41.22. The company had a trading volume of 16,023 shares, compared to its average volume of 54,146. Avantis Real Estate ETF has a 52-week low of $35.03 and a 52-week high of $43.95. The stock has a fifty day simple moving average of $40.99 and a 200-day simple moving average of $41.40. The firm has a market capitalization of $440.23 million, a P/E ratio of 19.23 and a beta of 0.85.

Avantis Real Estate ETF Company 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.