Diversify Wealth Management LLC Boosts Stock Position in Fidelity MSCI Real Estate Index ETF $FREL

Diversify Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 49.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 329,694 shares of the company’s stock after buying an additional 109,052 shares during the period. Diversify Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $9,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 30.8% in the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after acquiring an additional 380,393 shares during the period. Lido Advisors LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 9.3% during the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after purchasing an additional 113,386 shares in the last quarter. Citizens & Northern Corp lifted its holdings in Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 7.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock valued at $21,935,000 after purchasing an additional 54,228 shares during the period. Finally, Black Diamond Financial LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 10.9% in the fourth quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock valued at $20,244,000 after purchasing an additional 74,069 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL stock traded up $0.06 on Friday, reaching $29.55. 193,628 shares of the company were exchanged, compared to its average volume of 354,287. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.37 and a 1 year high of $30.13. The business has a 50-day moving average price of $29.33 and a 200 day moving average price of $28.40. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98.

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.