BWM Planning LLC Trims Holdings in Avantis Real Estate ETF $AVRE

BWM Planning LLC cut its position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 34.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 8,367 shares of the company’s stock after selling 4,330 shares during the quarter. BWM Planning LLC’s holdings in Avantis Real Estate ETF were worth $369,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AVRE. Empowered Funds LLC boosted its position in Avantis Real Estate ETF by 1.1% during the first quarter. Empowered Funds LLC now owns 1,201,130 shares of the company’s stock worth $51,661,000 after acquiring an additional 13,336 shares during the last quarter. CCM Investment Group LLC purchased a new position in shares of Avantis Real Estate ETF during the 1st quarter worth $51,427,000. Hill Investment Group Partners LLC boosted its holdings in shares of Avantis Real Estate ETF by 0.7% during the first quarter. Hill Investment Group Partners LLC now owns 769,364 shares of the company’s stock worth $33,090,000 after purchasing an additional 5,570 shares during the last quarter. ShankerValleau Wealth Advisors Inc. grew its position in shares of Avantis Real Estate ETF by 2.1% in the second quarter. ShankerValleau Wealth Advisors Inc. now owns 337,781 shares of the company’s stock valued at $14,916,000 after purchasing an additional 6,954 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Avantis Real Estate ETF by 7.1% in the first quarter. American Century Companies Inc. now owns 324,287 shares of the company’s stock valued at $13,948,000 after purchasing an additional 21,366 shares during the period.

Avantis Real Estate ETF Trading Down 0.6%

Avantis Real Estate ETF stock opened at $43.58 on Thursday. The stock has a fifty day moving average price of $44.39 and a 200 day moving average price of $44.27. Avantis Real Estate ETF has a 52 week low of $37.71 and a 52 week high of $46.21. The firm has a market capitalization of $653.70 million, a P/E ratio of 28.60 and a beta of 0.93.

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.