Lam Group Inc. Sells 9,140 Shares of Avantis Real Estate ETF (NYSEARCA:AVRE)

Lam Group Inc. lowered its holdings in Avantis Real Estate ETF (NYSEARCA:AVRE) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,375 shares of the company’s stock after selling 9,140 shares during the quarter. Avantis Real Estate ETF accounts for about 2.2% of Lam Group Inc.’s investment portfolio, making the stock its 18th biggest holding. Lam Group Inc. owned 0.70% of Avantis Real Estate ETF worth $3,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC purchased a new position in shares of Avantis Real Estate ETF in the third quarter worth approximately $179,000. Evanson Asset Management LLC bought a new position in Avantis Real Estate ETF in the fourth quarter worth approximately $238,000. Cypress Point Wealth Management LLC grew its position in shares of Avantis Real Estate ETF by 10.3% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 5,657 shares of the company’s stock valued at $267,000 after acquiring an additional 530 shares during the period. Nwam LLC purchased a new stake in shares of Avantis Real Estate ETF in the 3rd quarter worth $295,000. Finally, Diversified Portfolios Inc. increased its stake in shares of Avantis Real Estate ETF by 49.5% in the 3rd quarter. Diversified Portfolios Inc. now owns 7,306 shares of the company’s stock worth $344,000 after purchasing an additional 2,420 shares in the last quarter.

Avantis Real Estate ETF Stock Performance

NYSEARCA:AVRE opened at $42.15 on Tuesday. The stock has a 50-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 firm has a market capitalization of $450.16 million, a PE ratio of 19.23 and a beta of 0.85.

Avantis Real Estate ETF Company 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.