Seaside Wealth Management Inc. Acquires 28,877 Shares of Avantis Real Estate ETF $AVRE

Seaside Wealth Management Inc. boosted its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,645 shares of the company’s stock after purchasing an additional 28,877 shares during the period. Avantis Real Estate ETF makes up about 3.3% of Seaside Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Seaside Wealth Management Inc.’s holdings in Avantis Real Estate ETF were worth $11,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Avantis Real Estate ETF in the fourth quarter valued at about $50,048,000. Focus Partners Advisor Solutions LLC lifted its position in shares of Avantis Real Estate ETF by 96.8% during the third quarter. Focus Partners Advisor Solutions LLC now owns 634,648 shares of the company’s stock worth $28,190,000 after purchasing an additional 312,084 shares in the last quarter. Financial Plan Inc. acquired a new position in shares of Avantis Real Estate ETF during the fourth quarter worth $26,155,000. Nicolet Advisory Services LLC boosted its stake in shares of Avantis Real Estate ETF by 46.7% in the third quarter. Nicolet Advisory Services LLC now owns 478,625 shares of the company’s stock valued at $21,103,000 after purchasing an additional 152,261 shares during the period. Finally, Quantum Financial Advisors LLC grew its holdings in Avantis Real Estate ETF by 6.4% during the 4th quarter. Quantum Financial Advisors LLC now owns 409,559 shares of the company’s stock valued at $17,828,000 after purchasing an additional 24,568 shares in the last quarter.

Avantis Real Estate ETF Price Performance

Avantis Real Estate ETF stock opened at $47.77 on Tuesday. Avantis Real Estate ETF has a 12-month low of $42.98 and a 12-month high of $48.34. The company has a market capitalization of $802.54 million, a price-to-earnings ratio of 28.60 and a beta of 0.90. The firm’s fifty day moving average price is $47.17 and its 200 day moving average price is $45.65.

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.