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

Envestnet Asset Management Inc. boosted its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 17.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,300 shares of the company’s stock after acquiring an additional 31,073 shares during the period. Envestnet Asset Management Inc. owned 1.40% of Avantis Real Estate ETF worth $9,354,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Curio Wealth LLC increased its stake in Avantis Real Estate ETF by 48,318.2% during the second quarter. Curio Wealth LLC now owns 5,326 shares of the company’s stock worth $235,000 after acquiring an additional 5,315 shares during the last quarter. Clune & Associates LTD. lifted its position in Avantis Real Estate ETF by 20.7% in the third quarter. Clune & Associates LTD. now owns 6,015 shares of the company’s stock valued at $268,000 after buying an additional 1,030 shares during the last quarter. Good Life Advisors LLC lifted its position in Avantis Real Estate ETF by 3.4% in the second quarter. Good Life Advisors LLC now owns 8,419 shares of the company’s stock valued at $372,000 after buying an additional 274 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Avantis Real Estate ETF by 248.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,560 shares of the company’s stock worth $555,000 after buying an additional 8,954 shares during the period. Finally, Fifth Third Securities Inc. purchased a new position in shares of Avantis Real Estate ETF during the 3rd quarter worth approximately $576,000.

Avantis Real Estate ETF Stock Down 1.5%

NYSEARCA:AVRE opened at $46.92 on Thursday. Avantis Real Estate ETF has a 52 week low of $37.71 and a 52 week high of $47.63. The stock’s fifty day moving average is $44.53 and its two-hundred day moving average is $44.41. The stock has a market capitalization of $731.95 million, a price-to-earnings ratio of 28.60 and a beta of 0.93.

Avantis Real Estate ETF 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.