Aprio Wealth Management LLC Takes $8.91 Million Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Aprio Wealth Management LLC acquired a new stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 217,672 shares of the company’s stock, valued at approximately $8,911,000. Avantis Real Estate ETF comprises about 2.4% of Aprio Wealth Management LLC’s holdings, making the stock its 12th biggest holding. Aprio Wealth Management LLC owned 3.11% of Avantis Real Estate ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVRE. Jane Street Group LLC bought a new position in shares of Avantis Real Estate ETF during the fourth quarter valued at about $8,996,000. Merriman Wealth Management LLC grew its stake in shares of Avantis Real Estate ETF by 731.4% during the fourth quarter. Merriman Wealth Management LLC now owns 207,222 shares of the company’s stock valued at $8,521,000 after buying an additional 182,297 shares during the last quarter. CI Private Wealth LLC bought a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth about $5,363,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Avantis Real Estate ETF in the first quarter worth about $4,001,000. Finally, Red Lighthouse Investment Management LLC bought a new stake in shares of Avantis Real Estate ETF in the fourth quarter worth about $2,849,000.

Avantis Real Estate ETF Stock Performance

Shares of NYSEARCA AVRE traded down $0.09 during trading hours on Tuesday, hitting $39.84. The company’s stock had a trading volume of 6,003 shares, compared to its average volume of 35,039. The stock has a market cap of $325.09 million, a price-to-earnings ratio of 18.02 and a beta of 0.96. Avantis Real Estate ETF has a 12 month low of $36.47 and a 12 month high of $46.23. The business has a 50-day simple moving average of $40.92 and a 200-day simple moving average of $40.96.

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.