Galvin Gaustad & Stein LLC Makes New $209,000 Investment in Fidelity MSCI Real Estate Index ETF $FREL

Galvin Gaustad & Stein LLC bought a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,744 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also recently bought and sold shares of the company. Grand Wealth Management LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the second quarter valued at approximately $209,000. Independent Solutions Wealth Management LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 0.7% in the second quarter. Independent Solutions Wealth Management LLC now owns 115,511 shares of the company’s stock valued at $3,123,000 after buying an additional 844 shares during the last quarter. Heck Capital Advisors LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 11.9% in the second quarter. Heck Capital Advisors LLC now owns 233,877 shares of the company’s stock valued at $6,324,000 after buying an additional 24,812 shares during the last quarter. PBMares Wealth Management LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the second quarter valued at approximately $236,000. Finally, Beaumont Financial Advisors LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 2.8% in the second quarter. Beaumont Financial Advisors LLC now owns 63,141 shares of the company’s stock valued at $1,707,000 after buying an additional 1,716 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 1.1%

Shares of NYSEARCA FREL opened at $26.82 on Friday. The business’s 50 day moving average price is $27.60 and its 200 day moving average price is $27.12. The firm has a market cap of $1.04 billion, a P/E ratio of 34.96 and a beta of 0.91. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.35 and a 52 week high of $30.02.

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.