LexAurum Advisors LLC Invests $5.24 Million in Avantis Real Estate ETF (NYSEARCA:AVRE)

LexAurum Advisors LLC acquired a new stake in Avantis Real Estate ETF (NYSEARCA:AVRE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 124,988 shares of the company’s stock, valued at approximately $5,239,000. Avantis Real Estate ETF makes up 1.0% of LexAurum Advisors LLC’s investment portfolio, making the stock its 24th largest position. LexAurum Advisors LLC owned about 1.17% of Avantis Real Estate ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVRE. Aptus Capital Advisors LLC purchased a new position in shares of Avantis Real Estate ETF in the third quarter valued at $179,000. Cypress Point Wealth Management LLC raised its position in Avantis Real Estate ETF by 10.3% during the third quarter. Cypress Point Wealth Management LLC now owns 5,657 shares of the company’s stock worth $267,000 after acquiring an additional 530 shares during the last quarter. Evanson Asset Management LLC purchased a new stake in shares of Avantis Real Estate ETF in the fourth quarter valued at about $238,000. Nwam LLC acquired a new stake in shares of Avantis Real Estate ETF in the third quarter valued at approximately $295,000. Finally, Diversified Portfolios Inc. increased its stake in shares of Avantis Real Estate ETF by 49.5% during the 3rd quarter. Diversified Portfolios Inc. now owns 7,306 shares of the company’s stock worth $344,000 after purchasing an additional 2,420 shares in the last quarter.

Avantis Real Estate ETF Stock Up 0.7 %

Shares of NYSEARCA:AVRE opened at $42.45 on Friday. The company has a market capitalization of $453.37 million, a P/E ratio of 19.23 and a beta of 0.85. The stock’s fifty day simple moving average is $43.19 and its 200-day simple moving average is $44.55. Avantis Real Estate ETF has a 52-week low of $38.74 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.