Empowered Funds LLC Raises Stock Holdings in Avantis Real Estate ETF (NYSEARCA:AVRE)

Empowered Funds LLC grew its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,068,858 shares of the company’s stock after buying an additional 16,238 shares during the period. Avantis Real Estate ETF accounts for approximately 0.8% of Empowered Funds LLC’s holdings, making the stock its 12th biggest position. Empowered Funds LLC owned 10.01% of Avantis Real Estate ETF worth $50,386,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Aptus Capital Advisors LLC bought a new stake in shares of Avantis Real Estate ETF during the third quarter valued at approximately $179,000. Cypress Point Wealth Management LLC bought a new stake in Avantis Real Estate ETF in the 2nd quarter worth approximately $211,000. Simplicity Wealth LLC bought a new position in shares of Avantis Real Estate ETF during the 2nd quarter valued at $313,000. Morton Brown Family Wealth LLC grew its holdings in shares of Avantis Real Estate ETF by 62.6% in 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 period. Finally, Diversified Portfolios Inc. increased its position in Avantis Real Estate ETF by 49.5% during the third quarter. Diversified Portfolios Inc. now owns 7,306 shares of the company’s stock valued at $344,000 after acquiring an additional 2,420 shares during the last quarter.

Avantis Real Estate ETF Stock Performance

Shares of Avantis Real Estate ETF stock opened at $44.17 on Friday. The stock’s fifty day moving average is $46.21 and its 200 day moving average is $43.81. Avantis Real Estate ETF has a one year low of $38.74 and a one year high of $48.36. The stock has a market cap of $471.74 million, a P/E ratio of 19.23 and a beta of 0.85.

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.