Seaside Wealth Management Inc. Boosts Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Seaside Wealth Management Inc. raised its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 8.6% in the 4th quarter, Holdings Channel reports. The firm owned 209,508 shares of the company’s stock after purchasing an additional 16,552 shares during the quarter. Avantis Real Estate ETF accounts for 3.2% of Seaside Wealth Management Inc.’s investment portfolio, making the stock its 9th largest holding. Seaside Wealth Management Inc.’s holdings in Avantis Real Estate ETF were worth $8,783,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVRE. Simplicity Wealth LLC boosted its holdings in shares of Avantis Real Estate ETF by 827.7% during the 3rd quarter. Simplicity Wealth LLC now owns 70,392 shares of the company’s stock worth $3,318,000 after buying an additional 62,804 shares in the last quarter. Physician Wealth Solutions Inc. boosted its holdings in Avantis Real Estate ETF by 21.8% in the third quarter. Physician Wealth Solutions Inc. now owns 310,991 shares of the company’s stock worth $14,169,000 after acquiring an additional 55,686 shares in the last quarter. ShankerValleau Wealth Advisors Inc. grew its stake in Avantis Real Estate ETF by 14.0% in the fourth quarter. ShankerValleau Wealth Advisors Inc. now owns 321,502 shares of the company’s stock valued at $13,477,000 after acquiring an additional 39,520 shares during the period. Pacific Life Fund Advisors LLC increased its holdings in shares of Avantis Real Estate ETF by 81.8% during the third quarter. Pacific Life Fund Advisors LLC now owns 72,732 shares of the company’s stock valued at $3,429,000 after acquiring an additional 32,729 shares in the last quarter. Finally, Leading Edge Financial Planning LLC raised its position in shares of Avantis Real Estate ETF by 104.1% during the third quarter. Leading Edge Financial Planning LLC now owns 56,055 shares of the company’s stock worth $2,642,000 after purchasing an additional 28,584 shares during the period.

Avantis Real Estate ETF Trading Up 1.6 %

Shares of AVRE stock opened at $42.17 on Friday. The firm has a market capitalization of $450.38 million, a PE ratio of 19.23 and a beta of 0.85. The firm has a fifty day simple moving average of $43.37 and a two-hundred day simple moving average of $44.50. Avantis Real Estate ETF has a 12 month low of $38.74 and a 12 month high of $48.36.

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.