Carlson Capital Management Decreases Stock Holdings in Avantis Real Estate ETF (NYSEARCA:AVRE)

Carlson Capital Management cut its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 20.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,910 shares of the company’s stock after selling 36,059 shares during the quarter. Avantis Real Estate ETF comprises 0.3% of Carlson Capital Management’s holdings, making the stock its 21st largest position. Carlson Capital Management owned 1.33% of Avantis Real Estate ETF worth $6,690,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVRE. Creative Planning increased its holdings in shares of Avantis Real Estate ETF by 8.3% in the third quarter. Creative Planning now owns 27,825 shares of the company’s stock valued at $1,312,000 after purchasing an additional 2,136 shares during the period. Collective Family Office LLC grew its holdings in Avantis Real Estate ETF by 12.8% during the third quarter. Collective Family Office LLC now owns 98,553 shares of the company’s stock worth $4,646,000 after acquiring an additional 11,212 shares during the period. Farther Finance Advisors LLC grew its holdings in Avantis Real Estate ETF by 16.4% during the second quarter. Farther Finance Advisors LLC now owns 10,647 shares of the company’s stock worth $436,000 after acquiring an additional 1,497 shares during the period. BWM Planning LLC acquired a new stake in Avantis Real Estate ETF during the third quarter worth about $599,000. Finally, Hill Investment Group Partners LLC grew its holdings in Avantis Real Estate ETF by 3.2% during the second quarter. Hill Investment Group Partners LLC now owns 731,855 shares of the company’s stock worth $31,931,000 after acquiring an additional 22,604 shares during the period.

Avantis Real Estate ETF Stock Performance

Avantis Real Estate ETF stock traded down $0.22 during midday trading on Tuesday, hitting $45.34. 3,751 shares of the company were exchanged, compared to its average volume of 46,212. The firm has a market capitalization of $484.23 million, a PE ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a fifty-two week low of $38.74 and a fifty-two week high of $48.36. The business has a fifty day simple moving average of $45.79 and a two-hundred day simple moving average of $44.09.

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.