Parkworth Wealth Management Inc. Invests $827,000 in Avantis Real Estate ETF (NYSEARCA:AVRE)

Parkworth Wealth Management Inc. bought a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) during the 4th quarter, Holdings Channel reports. The firm bought 19,720 shares of the company’s stock, valued at approximately $827,000.

Other large investors also recently made changes to their positions in the company. Red Lighthouse Investment Management LLC boosted its holdings in Avantis Real Estate ETF by 2.4% in the fourth quarter. Red Lighthouse Investment Management LLC now owns 70,353 shares of the company’s stock valued at $2,949,000 after acquiring an additional 1,678 shares during the last quarter. Haven Private LLC bought a new position in Avantis Real Estate ETF in the fourth quarter valued at about $1,474,000. Physician Wealth Solutions Inc. boosted its holdings in Avantis Real Estate ETF by 0.9% in the fourth quarter. Physician Wealth Solutions Inc. now owns 313,736 shares of the company’s stock valued at $13,152,000 after acquiring an additional 2,745 shares during the last quarter. WMG Financial Advisors LLC boosted its holdings in Avantis Real Estate ETF by 6.0% in the fourth quarter. WMG Financial Advisors LLC now owns 91,869 shares of the company’s stock valued at $3,851,000 after acquiring an additional 5,181 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC boosted its holdings in Avantis Real Estate ETF by 8.4% in the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 208,414 shares of the company’s stock valued at $8,737,000 after acquiring an additional 16,145 shares during the last quarter.

Avantis Real Estate ETF Trading Down 0.6 %

Shares of AVRE opened at $42.90 on Wednesday. Avantis Real Estate ETF has a 1 year low of $38.74 and a 1 year high of $48.36. The stock has a market cap of $547.40 million, a P/E ratio of 28.25 and a beta of 1.02. The stock’s 50-day moving average price is $42.72 and its two-hundred day moving average price is $44.45.

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.