Sequoia Financial Advisors LLC Has $48.88 Million Stock Position in Avantis Real Estate ETF $AVRE

Sequoia Financial Advisors LLC increased its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 4.4% in the second quarter, HoldingsChannel reports. The firm owned 1,031,592 shares of the company’s stock after buying an additional 43,925 shares during the period. Sequoia Financial Advisors LLC owned approximately 0.06% of Avantis Real Estate ETF worth $48,877,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AVRE. Seaside Wealth Management Inc. boosted its stake in shares of Avantis Real Estate ETF by 12.2% during the 4th quarter. Seaside Wealth Management Inc. now owns 265,645 shares of the company’s stock worth $11,564,000 after acquiring an additional 28,877 shares during the period. Sentinel Wealth Management Inc. raised its stake in Avantis Real Estate ETF by 13.6% in the 1st quarter. Sentinel Wealth Management Inc. now owns 135,448 shares of the company’s stock valued at $5,962,000 after acquiring an additional 16,166 shares during the period. Cogent Private Wealth Inc. bought a new stake in Avantis Real Estate ETF in the 4th quarter valued at $699,000. Sprinkle Financial Consultants LLC lifted its holdings in Avantis Real Estate ETF by 39.9% during the 1st quarter. Sprinkle Financial Consultants LLC now owns 53,546 shares of the company’s stock valued at $2,357,000 after purchasing an additional 15,277 shares during the last quarter. Finally, Prairiewood Capital LLC lifted its holdings in Avantis Real Estate ETF by 8.1% during the 1st quarter. Prairiewood Capital LLC now owns 308,563 shares of the company’s stock valued at $13,583,000 after purchasing an additional 23,026 shares during the last quarter.

Avantis Real Estate ETF Price Performance

AVRE stock opened at $46.38 on Thursday. Avantis Real Estate ETF has a one year low of $42.98 and a one year high of $49.72. The stock has a market cap of $834.84 million, a price-to-earnings ratio of 28.60 and a beta of 0.89. The company has a fifty day moving average price of $48.18 and a two-hundred day moving average price of $47.21.

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.