Flagstone Financial Management Grows Stock Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Flagstone Financial Management lifted its position in Avantis Real Estate ETF (NYSEARCA:AVRE) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,452 shares of the company’s stock after purchasing an additional 696 shares during the quarter. Avantis Real Estate ETF comprises 0.3% of Flagstone Financial Management’s holdings, making the stock its 21st largest position. Flagstone Financial Management owned approximately 0.19% of Avantis Real Estate ETF worth $857,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AVRE. Creative Planning raised its stake in shares of Avantis Real Estate ETF by 1.7% in the second quarter. Creative Planning now owns 25,689 shares of the company’s stock worth $1,059,000 after purchasing an additional 428 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of Avantis Real Estate ETF by 14.7% in the third quarter. Park Avenue Securities LLC now owns 56,815 shares of the company’s stock worth $2,678,000 after purchasing an additional 7,283 shares during the last quarter. Apella Capital LLC raised its stake in shares of Avantis Real Estate ETF by 1.8% in the third quarter. Apella Capital LLC now owns 28,202 shares of the company’s stock worth $1,314,000 after purchasing an additional 490 shares during the last quarter. Quantum Financial Advisors LLC raised its stake in shares of Avantis Real Estate ETF by 2.9% in the third quarter. Quantum Financial Advisors LLC now owns 386,192 shares of the company’s stock worth $18,205,000 after purchasing an additional 10,911 shares during the last quarter. Finally, Collective Family Office LLC raised its stake in shares of Avantis Real Estate ETF by 12.8% in the third quarter. Collective Family Office LLC now owns 98,553 shares of the company’s stock worth $4,646,000 after purchasing an additional 11,212 shares during the last quarter.

Avantis Real Estate ETF Stock Down 0.5 %

Shares of NYSEARCA:AVRE opened at $42.46 on Friday. The stock has a market cap of $453.47 million, a price-to-earnings ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a 52-week low of $38.74 and a 52-week high of $48.36. The business has a 50-day moving average price of $42.90 and a 200-day moving average price of $44.55.

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.