Poinciana Advisors Group LLC Takes Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Poinciana Advisors Group LLC purchased a new stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,949 shares of the company’s stock, valued at approximately $627,000. Avantis Real Estate ETF makes up approximately 0.6% of Poinciana Advisors Group LLC’s investment portfolio, making the stock its 24th biggest position. Poinciana Advisors Group LLC owned 0.14% of Avantis Real Estate ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its holdings in shares of Avantis Real Estate ETF by 12.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 24,774 shares of the company’s stock valued at $1,039,000 after purchasing an additional 2,692 shares in the last quarter. Austin Wealth Management LLC lifted its holdings in shares of Avantis Real Estate ETF by 12.4% during the fourth quarter. Austin Wealth Management LLC now owns 59,123 shares of the company’s stock valued at $2,492,000 after purchasing an additional 6,505 shares in the last quarter. Parkworth Wealth Management Inc. bought a new position in shares of Avantis Real Estate ETF during the fourth quarter valued at $827,000. Red Lighthouse Investment Management LLC lifted its holdings in shares of Avantis Real Estate ETF by 2.4% during the fourth quarter. Red Lighthouse Investment Management LLC now owns 70,353 shares of the company’s stock valued at $2,949,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Haven Private LLC bought a new position in shares of Avantis Real Estate ETF during the fourth quarter valued at $1,474,000.

Avantis Real Estate ETF Stock Performance

AVRE stock opened at $43.00 on Friday. Avantis Real Estate ETF has a fifty-two week low of $38.74 and a fifty-two week high of $48.36. The business’s 50-day moving average is $42.78 and its two-hundred day moving average is $44.40. The company has a market cap of $548.68 million, a price-to-earnings ratio of 28.25 and a beta of 1.02.

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.