JPMorgan Chase & Co. Lowers Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

JPMorgan Chase & Co. decreased its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 97.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 671 shares of the company’s stock after selling 22,301 shares during the period. JPMorgan Chase & Co.’s holdings in Avantis Real Estate ETF were worth $32,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. MML Investors Services LLC increased its position in shares of Avantis Real Estate ETF by 12.5% during the third quarter. MML Investors Services LLC now owns 56,048 shares of the company’s stock valued at $2,642,000 after acquiring an additional 6,226 shares in the last quarter. Nwam LLC bought a new stake in Avantis Real Estate ETF in the 3rd quarter worth approximately $295,000. Equita Financial Network Inc. boosted its stake in shares of Avantis Real Estate ETF by 12.9% in the 3rd quarter. Equita Financial Network Inc. now owns 148,096 shares of the company’s stock worth $6,981,000 after buying an additional 16,935 shares during the last quarter. MB Generational Wealth LLC boosted its stake in shares of Avantis Real Estate ETF by 145.3% in the 3rd quarter. MB Generational Wealth LLC now owns 12,736 shares of the company’s stock worth $600,000 after buying an additional 7,545 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Avantis Real Estate ETF by 1.5% in the third quarter. Empowered Funds LLC now owns 1,068,858 shares of the company’s stock worth $50,386,000 after acquiring an additional 16,238 shares during the period.

Avantis Real Estate ETF Stock Performance

AVRE stock opened at $42.47 on Wednesday. The business’s 50-day moving average is $42.77 and its two-hundred day moving average is $44.55. The company has a market cap of $453.58 million, a price-to-earnings ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a fifty-two week low of $38.74 and a fifty-two week high of $48.36.

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.