Rik Saylor Financial Inc. Takes Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Rik Saylor Financial Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,985 shares of the company’s stock, valued at approximately $432,000.

Several other hedge funds have also added to or reduced their stakes in the business. Truefg LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 2.8% during the 4th quarter. Truefg LLC now owns 563,565 shares of the company’s stock valued at $15,228,000 after purchasing an additional 15,103 shares during the last quarter. Black Diamond Financial LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 10.9% during the third quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock worth $14,253,000 after acquiring an additional 47,474 shares during the last quarter. Riverpoint Wealth Management Holdings LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 4.8% during the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 427,240 shares of the company’s stock worth $12,595,000 after purchasing an additional 19,698 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 1.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 224,225 shares of the company’s stock worth $6,610,000 after purchasing an additional 3,097 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 25.0% during the third quarter. Diversify Wealth Management LLC now owns 148,275 shares of the company’s stock worth $4,330,000 after buying an additional 29,610 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 1.5 %

NYSEARCA FREL opened at $27.77 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company has a 50 day moving average of $27.57 and a 200-day moving average of $28.23. 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.