Fidelity MSCI Real Estate Index ETF $FREL Shares Newly Purchased by Citizens & Northern Corp

Citizens & Northern Corp bought a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, Holdings Channel.com reports. The firm bought 983,267 shares of the company’s stock, valued at approximately $26,725,000. Fidelity MSCI Real Estate Index ETF accounts for about 5.9% of Citizens & Northern Corp’s portfolio, making the stock its 2nd largest position.

Several other hedge funds have also bought and sold shares of the company. Compass Financial Management LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the second quarter worth about $43,000. Fifth Third Bancorp raised its stake in Fidelity MSCI Real Estate Index ETF by 180.3% in the first quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after buying an additional 1,210 shares during the period. Talon Private Wealth LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the first quarter valued at approximately $221,000. Brookstone Capital Management acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $317,000. Finally, Modera Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $326,000.

Fidelity MSCI Real Estate Index ETF Trading Down 0.6%

Shares of NYSEARCA FREL opened at $29.26 on Friday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.92. The stock has a 50 day moving average of $28.19 and a 200-day moving average of $28.77. The company has a market capitalization of $1.43 billion, a P/E ratio of 30.40 and a beta of 0.97.

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.