Bank of America Corp DE Buys 10,228,250 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Bank of America Corp DE lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 25,321.8% during the first quarter, HoldingsChannel reports. The firm owned 10,268,643 shares of the company’s stock after acquiring an additional 10,228,250 shares during the quarter. Bank of America Corp DE owned approximately 0.21% of Fidelity MSCI Real Estate Index ETF worth $276,329,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. AE Wealth Management LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after buying an additional 380,393 shares in the last quarter. Citizens & Northern Corp raised its position 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 worth $29,231,000 after acquiring an additional 264,741 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 acquiring an additional 54,228 shares during the last quarter. Black Diamond Financial LLC lifted its stake in 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 acquiring an additional 74,069 shares during the last quarter. Finally, Truefg LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 3.8% in the 4th quarter. Truefg LLC now owns 665,978 shares of the company’s stock valued at $17,908,000 after acquiring an additional 24,540 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL stock opened at $30.09 on Tuesday. The firm’s 50-day moving average is $29.66 and its 200-day moving average is $28.76. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $30.92.

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.