WMG Financial Advisors LLC Grows Stake in Avantis Real Estate ETF (NYSEARCA:AVRE)

WMG Financial Advisors LLC lifted its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,869 shares of the company’s stock after buying an additional 5,181 shares during the period. Avantis Real Estate ETF makes up about 1.7% of WMG Financial Advisors LLC’s investment portfolio, making the stock its 11th biggest position. WMG Financial Advisors LLC owned approximately 0.86% of Avantis Real Estate ETF worth $3,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspect Partners LLC boosted its stake in shares of Avantis Real Estate ETF by 152.0% in the 4th quarter. Aspect Partners LLC now owns 756 shares of the company’s stock worth $32,000 after buying an additional 456 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Avantis Real Estate ETF in the 4th quarter worth $46,000. SJS Investment Consulting Inc. purchased a new position in shares of Avantis Real Estate ETF in the 4th quarter worth $79,000. Aptus Capital Advisors LLC purchased a new position in shares of Avantis Real Estate ETF in the 3rd quarter worth $179,000. Finally, Cypress Point Wealth Management LLC boosted its stake in shares of Avantis Real Estate ETF by 10.3% in the 3rd quarter. Cypress Point Wealth Management LLC now owns 5,657 shares of the company’s stock worth $267,000 after buying an additional 530 shares during the last quarter.

Avantis Real Estate ETF Price Performance

AVRE stock opened at $44.23 on Tuesday. Avantis Real Estate ETF has a 1 year low of $38.74 and a 1 year high of $48.36. The stock’s fifty day moving average price is $42.51 and its 200-day moving average price is $44.50. The company has a market cap of $564.37 million, a P/E ratio of 28.25 and a beta of 1.02.

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.