Garrison Point Advisors LLC Buys Shares of 13,704 Avantis Real Estate ETF (NYSEARCA:AVRE)

Garrison Point Advisors LLC purchased a new position in shares of Avantis Real Estate ETF (NYSEARCA:AVRE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 13,704 shares of the company’s stock, valued at approximately $574,000.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Avantis Real Estate ETF by 10.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 153,868 shares of the company’s stock worth $6,450,000 after buying an additional 14,557 shares during the period. Nicolet Advisory Services LLC boosted its holdings in Avantis Real Estate ETF by 5.0% during the fourth quarter. Nicolet Advisory Services LLC now owns 288,392 shares of the company’s stock worth $11,714,000 after buying an additional 13,621 shares in the last quarter. Life Planning Partners Inc boosted its position in Avantis Real Estate ETF by 6.9% during the fourth quarter. Life Planning Partners Inc now owns 26,905 shares of the company’s stock worth $1,128,000 after purchasing an additional 1,746 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Avantis Real Estate ETF by 276.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,528 shares of the company’s stock valued at $106,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. increased its position in Avantis Real Estate ETF by 3.3% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 13,045 shares of the company’s stock worth $547,000 after buying an additional 417 shares in the last quarter.

Avantis Real Estate ETF Stock Down 4.6 %

Shares of Avantis Real Estate ETF stock opened at $40.59 on Friday. The business’s fifty day moving average is $43.14 and its two-hundred day moving average is $43.95. Avantis Real Estate ETF has a fifty-two week low of $38.74 and a fifty-two week high of $48.36. The firm has a market cap of $529.29 million, a PE ratio of 25.69 and a beta of 0.98.

Avantis Real Estate ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, March 25th were given a dividend of $0.2739 per share. The ex-dividend date of this dividend was Tuesday, March 25th.

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.