Nicolet Advisory Services LLC Reduces Stock Position in Avantis Real Estate ETF (NYSEARCA:AVRE)

Nicolet Advisory Services LLC reduced its stake in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,771 shares of the company’s stock after selling 4,076 shares during the quarter. Avantis Real Estate ETF comprises about 1.2% of Nicolet Advisory Services LLC’s investment portfolio, making the stock its 17th biggest position. Nicolet Advisory Services LLC owned 2.57% of Avantis Real Estate ETF worth $12,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aptus Capital Advisors LLC bought a new position in shares of Avantis Real Estate ETF during the third quarter valued at approximately $179,000. Cypress Point Wealth Management LLC purchased a new stake in Avantis Real Estate ETF in the second quarter worth $211,000. Nwam LLC bought a new stake in shares of Avantis Real Estate ETF during the third quarter worth $295,000. Diversified Portfolios Inc. grew its holdings in shares of Avantis Real Estate ETF by 49.5% in the third quarter. Diversified Portfolios Inc. now owns 7,306 shares of the company’s stock worth $344,000 after purchasing an additional 2,420 shares during the last quarter. Finally, Morton Brown Family Wealth LLC increased its stake in Avantis Real Estate ETF by 62.6% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 7,307 shares of the company’s stock worth $318,000 after buying an additional 2,813 shares during the period.

Avantis Real Estate ETF Price Performance

Shares of AVRE stock opened at $45.08 on Friday. The company’s 50-day simple moving average is $45.91 and its two-hundred day simple moving average is $43.98. The company has a market capitalization of $481.45 million, a P/E ratio of 19.23 and a beta of 0.85. Avantis Real Estate ETF has a one year low of $38.74 and a one year high of $48.36.

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.