Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Purchased by Global Retirement Partners LLC

Global Retirement Partners LLC increased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 8.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,944 shares of the company’s stock after acquiring an additional 1,491 shares during the quarter. Global Retirement Partners LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $32,000. Larson Financial Group LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after buying an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 63.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock worth $55,000 after acquiring an additional 787 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Fidelity MSCI Real Estate Index ETF by 147.7% during the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in Fidelity MSCI Real Estate Index ETF by 11.9% during the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after acquiring an additional 527 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $27.76 on Monday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company’s 50 day simple moving average is $27.28 and its two-hundred day simple moving average is $28.30. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.61 and a 1-year high of $30.07.

About Fidelity MSCI Real Estate Index ETF

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that is based on the MSCI US IMI\u002FReal Estate 25-25 index. The fund tracks a cap-weighted index of US REIT and real estate companies across the entire market-cap spectrum. FREL was launched on Feb 2, 2015 and is managed by Fidelity.