Independent Solutions Wealth Management LLC Raises Stake in Fidelity MSCI Real Estate Index ETF $FREL

Independent Solutions Wealth Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.7% during the 2nd quarter, Holdings Channel reports. The fund owned 115,511 shares of the company’s stock after buying an additional 844 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $3,123,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FREL. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 15.2% during the 1st quarter. AE Wealth Management LLC now owns 1,026,029 shares of the company’s stock worth $28,185,000 after buying an additional 135,000 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 125.5% in the first quarter. Envestnet Asset Management Inc. now owns 887,449 shares of the company’s stock worth $24,378,000 after acquiring an additional 493,841 shares during the period. Citizens & Northern Corp increased its stake in Fidelity MSCI Real Estate Index ETF by 0.9% during the first quarter. Citizens & Northern Corp now owns 790,369 shares of the company’s stock worth $21,711,000 after acquiring an additional 7,302 shares during the last quarter. Truefg LLC raised its position in Fidelity MSCI Real Estate Index ETF by 4.2% in the first quarter. Truefg LLC now owns 587,099 shares of the company’s stock valued at $16,128,000 after purchasing an additional 23,534 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Fidelity MSCI Real Estate Index ETF by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 579,677 shares of the company’s stock valued at $15,924,000 after purchasing an additional 12,870 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 1.0%

NYSEARCA FREL opened at $27.52 on Tuesday. The stock has a market cap of $1.07 billion, a PE ratio of 34.96 and a beta of 0.91. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.35 and a twelve month high of $30.02. The stock has a fifty day simple moving average of $27.61 and a 200-day simple moving average of $27.13.

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.