Forum Financial Management LP Makes New Investment in Avantis Real Estate ETF $AVRE

Forum Financial Management LP acquired a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 31,954 shares of the company’s stock, valued at approximately $1,417,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVRE. Empowered Funds LLC grew its stake in shares of Avantis Real Estate ETF by 7.6% during the first quarter. Empowered Funds LLC now owns 1,237,572 shares of the company’s stock worth $54,478,000 after purchasing an additional 87,835 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Avantis Real Estate ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 1,031,592 shares of the company’s stock valued at $48,877,000 after buying an additional 43,925 shares in the last quarter. Financial Plan Inc. raised its stake in Avantis Real Estate ETF by 18.6% in the first quarter. Financial Plan Inc. now owns 712,325 shares of the company’s stock valued at $31,357,000 after buying an additional 111,473 shares in the last quarter. Quantum Financial Advisors LLC raised its stake in Avantis Real Estate ETF by 7.3% in the second quarter. Quantum Financial Advisors LLC now owns 455,253 shares of the company’s stock valued at $21,570,000 after buying an additional 31,011 shares in the last quarter. Finally, ShankerValleau Wealth Advisors Inc. raised its stake in Avantis Real Estate ETF by 2.8% in the second quarter. ShankerValleau Wealth Advisors Inc. now owns 384,164 shares of the company’s stock valued at $18,202,000 after buying an additional 10,520 shares in the last quarter.

Avantis Real Estate ETF Price Performance

Shares of NYSEARCA AVRE opened at $45.02 on Friday. The company has a market capitalization of $868.89 million, a price-to-earnings ratio of 28.60 and a beta of 0.89. The business has a 50-day moving average of $46.25 and a two-hundred day moving average of $47.04. Avantis Real Estate ETF has a 1 year low of $42.98 and a 1 year high of $49.72.

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.