Fidelity MSCI Real Estate Index ETF $FREL Shares Purchased by Truefg LLC

Truefg LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 728,436 shares of the company’s stock after buying an additional 21,159 shares during the quarter. Fidelity MSCI Real Estate Index ETF comprises 4.6% of Truefg LLC’s portfolio, making the stock its 7th largest holding. Truefg LLC owned approximately 1.44% of Fidelity MSCI Real Estate Index ETF worth $19,799,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FREL. Bank of America Corp DE increased its stake in Fidelity MSCI Real Estate Index ETF by 25,321.8% in the 1st quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock worth $276,329,000 after acquiring an additional 10,228,250 shares during the last quarter. Pasadena Private Wealth LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the first quarter worth about $5,936,000. Diversify Wealth Management LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 49.4% during the first quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock worth $9,492,000 after purchasing an additional 109,052 shares in the last quarter. Marotta Asset Management grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 16.1% during the first quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock worth $6,819,000 after purchasing an additional 35,105 shares in the last quarter. Finally, Integrated Capital Management Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth about $874,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL opened at $27.40 on Thursday. The firm’s 50 day simple moving average is $28.66 and its 200 day simple moving average is $29.01. The company has a market capitalization of $1.38 billion, a P/E ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 1-year low of $26.37 and a 1-year high of $30.92.

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.