Avantis Real Estate ETF (NYSEARCA:AVRE) Stock Holdings Reduced by LPL Financial LLC

LPL Financial LLC lowered its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,412 shares of the company’s stock after selling 1,465 shares during the quarter. LPL Financial LLC owned approximately 1.17% of Avantis Real Estate ETF worth $6,555,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in Avantis Real Estate ETF by 115.4% in the first quarter. AE Wealth Management LLC now owns 10,614 shares of the company’s stock valued at $456,000 after purchasing an additional 5,686 shares in the last quarter. WorthPointe LLC boosted its stake in shares of Avantis Real Estate ETF by 1.6% during the 1st quarter. WorthPointe LLC now owns 238,494 shares of the company’s stock worth $10,258,000 after acquiring an additional 3,675 shares in the last quarter. WMG Financial Advisors LLC boosted its stake in shares of Avantis Real Estate ETF by 5.9% during the 1st quarter. WMG Financial Advisors LLC now owns 97,272 shares of the company’s stock worth $4,184,000 after acquiring an additional 5,403 shares in the last quarter. Parkworth Wealth Management Inc. boosted its stake in shares of Avantis Real Estate ETF by 2.5% during the 1st quarter. Parkworth Wealth Management Inc. now owns 20,214 shares of the company’s stock worth $869,000 after acquiring an additional 494 shares in the last quarter. Finally, PCG Wealth Advisors LLC boosted its stake in shares of Avantis Real Estate ETF by 54.1% during the 1st quarter. PCG Wealth Advisors LLC now owns 33,993 shares of the company’s stock worth $1,462,000 after acquiring an additional 11,928 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

AVRE opened at $43.78 on Tuesday. The company has a market cap of $597.16 million, a PE ratio of 28.60 and a beta of 0.96. The stock has a 50-day moving average of $44.28 and a 200-day moving average of $43.41. Avantis Real Estate ETF has a 52-week low of $37.71 and a 52-week high of $48.36.

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.