Lam Group Inc. Cuts Stake in Avantis Real Estate ETF (NYSEARCA:AVRE)

Lam Group Inc. lessened its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 10.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 74,375 shares of the company’s stock after selling 9,140 shares during the quarter. Avantis Real Estate ETF accounts for approximately 2.2% of Lam Group Inc.’s holdings, making the stock its 18th largest position. Lam Group Inc.’s holdings in Avantis Real Estate ETF were worth $3,118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVRE. Simplicity Wealth LLC increased its stake in Avantis Real Estate ETF by 827.7% in the 3rd quarter. Simplicity Wealth LLC now owns 70,392 shares of the company’s stock worth $3,318,000 after acquiring an additional 62,804 shares during the last quarter. Physician Wealth Solutions Inc. grew its holdings in shares of Avantis Real Estate ETF by 21.8% in the third quarter. Physician Wealth Solutions Inc. now owns 310,991 shares of the company’s stock valued at $14,169,000 after purchasing an additional 55,686 shares in the last quarter. ShankerValleau Wealth Advisors Inc. increased its position in Avantis Real Estate ETF by 14.0% in the fourth quarter. ShankerValleau Wealth Advisors Inc. now owns 321,502 shares of the company’s stock worth $13,477,000 after purchasing an additional 39,520 shares during the last quarter. Pacific Life Fund Advisors LLC raised its stake in Avantis Real Estate ETF by 81.8% during the third quarter. Pacific Life Fund Advisors LLC now owns 72,732 shares of the company’s stock valued at $3,429,000 after purchasing an additional 32,729 shares in the last quarter. Finally, Leading Edge Financial Planning LLC lifted its position in Avantis Real Estate ETF by 104.1% during the third quarter. Leading Edge Financial Planning LLC now owns 56,055 shares of the company’s stock valued at $2,642,000 after purchasing an additional 28,584 shares during the last quarter.

Avantis Real Estate ETF Stock Down 0.0 %

Shares of NYSEARCA:AVRE opened at $42.15 on Tuesday. The firm has a fifty day simple moving average of $43.26 and a two-hundred day simple moving average of $44.56. Avantis Real Estate ETF has a 52 week low of $38.74 and a 52 week high of $48.36. The stock has a market capitalization of $450.16 million, a P/E ratio of 19.23 and a beta of 0.85.

Avantis Real Estate ETF 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.