Avantis Real Estate ETF (NYSEARCA:AVRE) Shares Sold by Merriman Wealth Management LLC

Merriman Wealth Management LLC lowered its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265,480 shares of the company’s stock after selling 6,715 shares during the quarter. Avantis Real Estate ETF comprises about 0.5% of Merriman Wealth Management LLC’s portfolio, making the stock its 26th biggest holding. Merriman Wealth Management LLC owned 2.49% of Avantis Real Estate ETF worth $10,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AVRE. True Wealth Design LLC acquired a new stake in Avantis Real Estate ETF in the fourth quarter worth about $136,000. Cypress Point Wealth Management LLC acquired a new stake in Avantis Real Estate ETF in the second quarter worth about $211,000. Simplicity Wealth LLC acquired a new stake in Avantis Real Estate ETF in the second quarter worth about $313,000. Morton Brown Family Wealth LLC lifted its holdings in 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 purchasing an additional 2,813 shares during the period. Finally, Abacus Planning Group Inc. lifted its holdings in Avantis Real Estate ETF by 3.9% in the first quarter. Abacus Planning Group Inc. now owns 7,609 shares of the company’s stock worth $322,000 after purchasing an additional 289 shares during the period.

Avantis Real Estate ETF Stock Down 0.5 %

AVRE stock opened at $47.55 on Friday. Avantis Real Estate ETF has a fifty-two week low of $35.03 and a fifty-two week high of $48.36. The company has a market capitalization of $507.83 million, a P/E ratio of 19.23 and a beta of 0.85. The company has a 50-day simple moving average of $45.21 and a 200 day simple moving average of $42.53.

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.