KDK Private Wealth Management LLC Makes New $269,000 Investment in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

KDK Private Wealth Management LLC purchased a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,960 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in 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 in the last quarter. Principal Securities Inc. increased its position in Fidelity MSCI Real Estate Index ETF by 11.9% during the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock worth $134,000 after buying an additional 527 shares during the period. Fingerlakes Wealth Management Inc. increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 3.9% during the fourth quarter. Fingerlakes Wealth Management Inc. now owns 14,927 shares of the company’s stock worth $403,000 after purchasing an additional 562 shares during the period. NorthLanding Financial Partners LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 7.6% in the fourth quarter. NorthLanding Financial Partners LLC now owns 9,662 shares of the company’s stock worth $261,000 after purchasing an additional 686 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 81.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock valued at $47,000 after acquiring an additional 786 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 2.4 %

Shares of NYSEARCA FREL opened at $25.05 on Friday. The stock has a 50-day moving average price of $27.32 and a two-hundred day moving average price of $27.92. The company has a market cap of $920.59 million, a price-to-earnings ratio of 32.20 and a beta of 1.08. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.35 and a 12 month high of $30.07.

Fidelity MSCI Real Estate Index ETF 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.