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

Flagstone Financial Management grew its holdings in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,452 shares of the company’s stock after purchasing an additional 696 shares during the period. Avantis Real Estate ETF makes up about 0.3% of Flagstone Financial Management’s holdings, making the stock its 21st biggest position. Flagstone Financial Management’s holdings in Avantis Real Estate ETF were worth $857,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in Avantis Real Estate ETF during the 4th quarter worth approximately $46,000. SJS Investment Consulting Inc. acquired a new position in Avantis Real Estate ETF during the 4th quarter worth approximately $79,000. Aptus Capital Advisors LLC acquired a new position in Avantis Real Estate ETF during the 3rd quarter worth approximately $179,000. Evanson Asset Management LLC acquired a new position in Avantis Real Estate ETF during the 4th quarter worth approximately $238,000. Finally, Cypress Point Wealth Management LLC increased its position in Avantis Real Estate ETF by 7.8% during the 4th quarter. Cypress Point Wealth Management LLC now owns 6,099 shares of the company’s stock worth $256,000 after purchasing an additional 442 shares during the period.

Avantis Real Estate ETF Trading Down 0.5 %

NYSEARCA AVRE opened at $42.46 on Friday. The business’s 50 day moving average is $42.90 and its two-hundred day moving average is $44.55. Avantis Real Estate ETF has a 12-month low of $38.74 and a 12-month high of $48.36. The stock has a market capitalization of $453.47 million, a price-to-earnings 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.