Foster & Motley Inc. Has $659,000 Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Foster & Motley Inc. raised its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 19.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 24,730 shares of the company’s stock after purchasing an additional 3,996 shares during the period. Foster & Motley Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FREL. Galvin Gaustad & Stein LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 10.7% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 115,017 shares of the company’s stock worth $2,617,000 after acquiring an additional 11,085 shares during the period. Birchcreek Wealth Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 17.2% during the 3rd quarter. Birchcreek Wealth Management LLC now owns 26,839 shares of the company’s stock worth $611,000 after purchasing an additional 3,934 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Fidelity MSCI Real Estate Index ETF by 8.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 111,173 shares of the company’s stock valued at $2,529,000 after acquiring an additional 8,257 shares during the period. J.W. Cole Advisors Inc. increased its stake in Fidelity MSCI Real Estate Index ETF by 7.2% in the third quarter. J.W. Cole Advisors Inc. now owns 21,848 shares of the company’s stock valued at $497,000 after acquiring an additional 1,458 shares during the period. Finally, Cedar Wealth Management LLC raised its position in Fidelity MSCI Real Estate Index ETF by 18.1% in the 3rd quarter. Cedar Wealth Management LLC now owns 37,143 shares of the company’s stock valued at $845,000 after purchasing an additional 5,691 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 1.0 %

Fidelity MSCI Real Estate Index ETF stock opened at $24.26 on Wednesday. The stock has a market capitalization of $900.05 million, a price-to-earnings ratio of 26.44 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12-month low of $21.24 and a 12-month high of $27.06. The stock has a 50-day simple moving average of $25.41 and a 200 day simple moving average of $24.90.

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.