Envestnet Asset Management Inc. Boosts Stock Position in Avantis Real Estate ETF $AVRE

Envestnet Asset Management Inc. lifted its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,227 shares of the company’s stock after purchasing an additional 18,042 shares during the quarter. Envestnet Asset Management Inc. owned about 1.31% of Avantis Real Estate ETF worth $7,915,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Clune & Associates LTD. boosted its holdings in Avantis Real Estate ETF by 5.5% in the second quarter. Clune & Associates LTD. now owns 4,985 shares of the company’s stock valued at $220,000 after purchasing an additional 262 shares during the period. Morton Brown Family Wealth LLC raised its position in Avantis Real Estate ETF by 3.9% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 9,769 shares of the company’s stock valued at $431,000 after purchasing an additional 371 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Avantis Real Estate ETF by 0.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 94,110 shares of the company’s stock valued at $4,120,000 after purchasing an additional 450 shares in the last quarter. Parkworth Wealth Management Inc. boosted its stake in shares of Avantis Real Estate ETF by 2.5% in the 1st quarter. Parkworth Wealth Management Inc. now owns 20,214 shares of the company’s stock valued at $869,000 after buying an additional 494 shares during the period. Finally, FMB Wealth Management grew its position in shares of Avantis Real Estate ETF by 10.1% during the second quarter. FMB Wealth Management now owns 5,800 shares of the company’s stock worth $256,000 after buying an additional 533 shares in the last quarter.

Avantis Real Estate ETF Stock Up 0.0%

Shares of Avantis Real Estate ETF stock opened at $44.42 on Tuesday. Avantis Real Estate ETF has a 52-week low of $37.71 and a 52-week high of $46.21. The company has a market capitalization of $666.30 million, a P/E ratio of 28.60 and a beta of 0.93. The company has a 50 day moving average of $44.45 and a 200 day moving average of $44.24.

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.