Financial Plan Inc. Invests $26.16 Million in Avantis Real Estate ETF $AVRE

Financial Plan Inc. bought a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 600,852 shares of the company’s stock, valued at approximately $26,155,000. Avantis Real Estate ETF comprises approximately 3.0% of Financial Plan Inc.’s portfolio, making the stock its 10th biggest holding. Financial Plan Inc. owned 3.85% of Avantis Real Estate ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of AVRE. Farther Finance Advisors LLC increased its position in shares of Avantis Real Estate ETF by 749.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,013 shares of the company’s stock worth $88,000 after acquiring an additional 1,776 shares during the last quarter. W.H. Cornerstone Investments Inc. purchased a new stake in shares of Avantis Real Estate ETF during the third quarter worth about $201,000. Tortoise Investment Management LLC increased its position in shares of Avantis Real Estate ETF by 22.9% during the third quarter. Tortoise Investment Management LLC now owns 4,825 shares of the company’s stock worth $215,000 after acquiring an additional 900 shares during the last quarter. Clune & Associates LTD. increased its position in shares of Avantis Real Estate ETF by 20.7% during the third quarter. Clune & Associates LTD. now owns 6,015 shares of the company’s stock worth $268,000 after acquiring an additional 1,030 shares during the last quarter. Finally, FMB Wealth Management increased its position in shares of Avantis Real Estate ETF by 24.2% during the fourth quarter. FMB Wealth Management now owns 7,202 shares of the company’s stock worth $314,000 after acquiring an additional 1,402 shares during the last quarter.

Avantis Real Estate ETF Stock Performance

Shares of NYSEARCA AVRE opened at $47.16 on Wednesday. The firm has a market cap of $782.86 million, a price-to-earnings ratio of 28.60 and a beta of 0.92. Avantis Real Estate ETF has a 1 year low of $42.23 and a 1 year high of $48.04. The stock’s 50-day simple moving average is $45.97 and its 200-day simple moving average is $44.82.

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.