Payne Capital Management LLC Raises Stake in Fidelity MSCI Real Estate Index ETF $FREL

Payne Capital Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 279,634 shares of the company’s stock after purchasing an additional 28,224 shares during the quarter. Fidelity MSCI Real Estate Index ETF makes up 2.5% of Payne Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Payne Capital Management LLC owned about 0.72% of Fidelity MSCI Real Estate Index ETF worth $7,777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in FREL. Geneos Wealth Management Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth about $33,000. Atlantic Union Bankshares Corp grew its stake in Fidelity MSCI Real Estate Index ETF by 81.7% during the third 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 in the last quarter. Realta Investment Advisors purchased a new position in Fidelity MSCI Real Estate Index ETF during the third quarter valued at approximately $120,000. CIBC Private Wealth Group LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $139,000. Finally, Centennial Wealth Advisory LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $203,000.

Fidelity MSCI Real Estate Index ETF Price Performance

NYSEARCA FREL opened at $27.86 on Thursday. The company’s 50 day simple moving average is $28.12 and its two-hundred day simple moving average is $27.65. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.35 and a 1 year high of $29.21. The stock has a market capitalization of $1.38 billion, a PE ratio of 34.96 and a beta of 1.03.

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.