Quantum Financial Advisors LLC Raises Stake in Avantis Real Estate ETF (NYSEARCA:AVRE)

Quantum Financial Advisors LLC raised its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 2.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 386,192 shares of the company’s stock after purchasing an additional 10,911 shares during the period. Avantis Real Estate ETF accounts for about 2.8% of Quantum Financial Advisors LLC’s portfolio, making the stock its 10th largest position. Quantum Financial Advisors LLC owned 3.62% of Avantis Real Estate ETF worth $18,205,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AVRE. True Wealth Design LLC purchased a new position in Avantis Real Estate ETF during the fourth quarter valued at approximately $136,000. Cypress Point Wealth Management LLC purchased a new position in shares of Avantis Real Estate ETF in the 2nd quarter valued at $211,000. Morton Brown Family Wealth LLC raised its position in shares of Avantis Real Estate ETF by 62.6% in the 2nd 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 in the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Avantis Real Estate ETF during the 2nd quarter worth $313,000. Finally, Abacus Planning Group Inc. boosted its position in Avantis Real Estate ETF by 3.9% during the first quarter. Abacus Planning Group Inc. now owns 7,609 shares of the company’s stock valued at $322,000 after purchasing an additional 289 shares in the last quarter.

Avantis Real Estate ETF Price Performance

Avantis Real Estate ETF stock traded down $0.25 during trading hours on Friday, reaching $46.03. The stock had a trading volume of 32,943 shares, compared to its average volume of 49,416. The company has a market cap of $491.64 million, a price-to-earnings ratio of 19.23 and a beta of 0.85. The business’s 50 day moving average price is $45.91 and its 200-day moving average price is $42.86. Avantis Real Estate ETF has a 52 week low of $35.03 and a 52 week high of $48.36.

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.