21,605 Shares in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Bought by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,605 shares of the company’s stock, valued at approximately $599,000. Modern Wealth Management LLC owned approximately 0.06% of Fidelity MSCI Real Estate Index ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in FREL. Kestra Investment Management LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $32,000. Larson Financial Group LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock valued at $37,000 after purchasing an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 63.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after purchasing an additional 787 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after purchasing an additional 1,701 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock worth $89,000 after purchasing an additional 479 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA:FREL opened at $27.35 on Thursday. The business’s fifty day moving average price is $27.67 and its two-hundred day moving average price is $28.23. The stock has a market cap of $1.00 billion, a PE ratio of 31.68 and a beta of 1.08. Fidelity MSCI Real Estate Index ETF has a one year low of $23.61 and a one year high of $30.07.

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.