298,294 Shares of Avantis Real Estate ETF $AVRE Acquired by Seaside Wealth Management Inc.

Seaside Wealth Management Inc. purchased a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 298,294 shares of the company’s stock, valued at approximately $13,229,000. Avantis Real Estate ETF comprises about 3.2% of Seaside Wealth Management Inc.’s portfolio, making the stock its 8th biggest position. Seaside Wealth Management Inc. owned about 1.55% of Avantis Real Estate ETF at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AVRE. Root Financial Partners LLC acquired a new position in shares of Avantis Real Estate ETF in the 3rd quarter valued at about $34,000. Cherry Tree Wealth Management LLC grew its holdings in shares of Avantis Real Estate ETF by 79.1% during the 2nd quarter. Cherry Tree Wealth Management LLC now owns 944 shares of the company’s stock worth $45,000 after purchasing an additional 417 shares during the period. RHL Group LLC grew its holdings in shares of Avantis Real Estate ETF by 44.7% during the 3rd quarter. RHL Group LLC now owns 2,498 shares of the company’s stock worth $111,000 after purchasing an additional 772 shares during the period. Cahill Financial Advisors Inc. acquired a new stake in Avantis Real Estate ETF during the 2nd quarter worth approximately $255,000. Finally, Evanson Financial LLC acquired a new stake in Avantis Real Estate ETF during the 2nd quarter worth approximately $280,000.

Avantis Real Estate ETF Stock Performance

AVRE traded down $0.02 on Friday, reaching $47.09. 46,723 shares of the company’s stock were exchanged, compared to its average volume of 70,511. Avantis Real Estate ETF has a twelve month low of $42.98 and a twelve month high of $49.72. The company’s 50 day moving average is $45.57 and its 200-day moving average is $46.69. The company has a market cap of $904.13 million, a price-to-earnings ratio of 22.83 and a beta of 0.88.

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.