Mach 1 Financial Group LLC Buys New Stake in Fidelity MSCI Real Estate Index ETF $FREL

Mach 1 Financial Group LLC bought a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 38,585 shares of the company’s stock, valued at approximately $1,038,000. Mach 1 Financial Group LLC owned 0.08% of Fidelity MSCI Real Estate Index ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FREL. Flagship Harbor Advisors LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at approximately $26,000. Atlantic Union Bankshares Corp increased its position in Fidelity MSCI Real Estate Index ETF by 81.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock valued at $51,000 after acquiring an additional 817 shares during the period. Stone House Investment Management LLC increased its position in Fidelity MSCI Real Estate Index ETF by 33.0% in the 4th quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock valued at $60,000 after acquiring an additional 550 shares during the period. Everstar Asset Management LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at approximately $114,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at approximately $139,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $29.30 on Thursday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.19 and a 12 month high of $29.56. The stock has a market cap of $1.45 billion, a P/E ratio of 34.96 and a beta of 1.00. The stock’s 50 day moving average price is $28.26 and its 200 day moving average price is $27.83.

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.