Avantis Real Estate ETF (NYSEARCA:AVRE) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC grew its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,068,858 shares of the company’s stock after buying an additional 16,238 shares during the quarter. Avantis Real Estate ETF accounts for about 0.8% of Empowered Funds LLC’s investment portfolio, making the stock its 12th biggest holding. Empowered Funds LLC owned about 0.10% of Avantis Real Estate ETF worth $50,386,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new position in shares of Avantis Real Estate ETF during the 3rd quarter worth approximately $179,000. Cypress Point Wealth Management LLC purchased a new stake in shares of Avantis Real Estate ETF in the 2nd quarter valued at approximately $211,000. Diversified Portfolios Inc. grew its position in Avantis Real Estate ETF by 49.5% in the third quarter. Diversified Portfolios Inc. now owns 7,306 shares of the company’s stock worth $344,000 after acquiring an additional 2,420 shares during the period. Morton Brown Family Wealth LLC increased its stake in Avantis Real Estate ETF by 62.6% during the second quarter. Morton Brown Family Wealth LLC now owns 7,307 shares of the company’s stock worth $318,000 after acquiring an additional 2,813 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of Avantis Real Estate ETF in the 2nd quarter valued at $313,000.

Avantis Real Estate ETF Price Performance

Shares of AVRE opened at $44.17 on Friday. The stock has a market cap of $471.74 million, a PE ratio of 19.23 and a beta of 0.85. The firm has a 50-day simple moving average of $46.21 and a two-hundred day simple moving average of $43.81. Avantis Real Estate ETF has a 1-year low of $38.74 and a 1-year high of $48.36.

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.