Beaumont Financial Advisors LLC Invests $1.41 Million in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Beaumont Financial Advisors LLC acquired a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 52,907 shares of the company’s stock, valued at approximately $1,410,000. Beaumont Financial Advisors LLC owned 0.13% of Fidelity MSCI Real Estate Index ETF at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in FREL. BOK Financial Private Wealth Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at about $44,000. FMR LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 94.2% during the first quarter. FMR LLC now owns 1,765 shares of the company’s stock valued at $44,000 after buying an additional 856 shares during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at about $54,000. Qube Research & Technologies Ltd purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at about $115,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at about $207,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.5 %

FREL opened at $23.85 on Friday. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-week high of $27.06. The company has a market cap of $884.84 million, a P/E ratio of 26.44 and a beta of 1.02. The firm’s 50-day moving average price is $25.49 and its 200-day moving average price is $24.83.

Fidelity MSCI Real Estate Index ETF Company Profile

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.