Red Lighthouse Investment Management LLC Has $3.41 Million Holdings in Avantis Real Estate ETF (NYSEARCA:AVRE)

Red Lighthouse Investment Management LLC raised its stake in Avantis Real Estate ETF (NYSEARCA:AVRE) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,812 shares of the company’s stock after acquiring an additional 4,333 shares during the quarter. Avantis Real Estate ETF comprises approximately 1.4% of Red Lighthouse Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. Red Lighthouse Investment Management LLC’s holdings in Avantis Real Estate ETF were worth $3,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVRE. CWM LLC increased its position in Avantis Real Estate ETF by 39,816.7% in the 3rd quarter. CWM LLC now owns 9,580 shares of the company’s stock valued at $360,000 after acquiring an additional 9,556 shares in the last quarter. IFP Advisors Inc increased its position in Avantis Real Estate ETF by 60.6% in the 3rd quarter. IFP Advisors Inc now owns 3,152 shares of the company’s stock valued at $118,000 after acquiring an additional 1,189 shares in the last quarter. North Ridge Wealth Advisors Inc. grew its position in shares of Avantis Real Estate ETF by 3.5% during the 3rd quarter. North Ridge Wealth Advisors Inc. now owns 104,273 shares of the company’s stock worth $3,918,000 after buying an additional 3,489 shares during the period. Bridgewater Advisors Inc. acquired a new stake in shares of Avantis Real Estate ETF during the 3rd quarter worth approximately $400,000. Finally, BetterWealth LLC grew its position in shares of Avantis Real Estate ETF by 2.0% during the 3rd quarter. BetterWealth LLC now owns 257,956 shares of the company’s stock worth $9,691,000 after buying an additional 4,971 shares during the period.

Avantis Real Estate ETF Trading Up 0.1 %

Shares of NYSEARCA:AVRE traded up $0.03 during trading on Friday, hitting $39.53. 20,700 shares of the company’s stock were exchanged, compared to its average volume of 53,858. Avantis Real Estate ETF has a 1-year low of $35.03 and a 1-year high of $43.95. The firm has a 50-day moving average price of $41.12 and a two-hundred day moving average price of $40.64. The firm has a market cap of $411.11 million, a P/E ratio of 18.77 and a beta of 0.96.

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.