Advisory Services Network LLC Increases Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Advisory Services Network LLC increased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 11.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 148,301 shares of the company’s stock after acquiring an additional 14,754 shares during the period. Advisory Services Network LLC owned about 0.40% of Fidelity MSCI Real Estate Index ETF worth $4,007,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth approximately $32,000. O Shaughnessy Asset Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 81.0% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,756 shares of the company’s stock worth $47,000 after purchasing an additional 786 shares during the period. Capital Investment Advisory Services LLC grew its position in Fidelity MSCI Real Estate Index ETF by 63.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock worth $55,000 after purchasing an additional 787 shares during the period. Smartleaf Asset Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 16.7% in 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 period. Finally, Principal Securities Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 11.9% in the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock worth $134,000 after purchasing an additional 527 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Up 6.1 %

NYSEARCA:FREL opened at $25.66 on Thursday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.35 and a 12 month high of $30.07. The company has a market cap of $943.01 million, a PE ratio of 32.20 and a beta of 1.08. The company has a 50 day simple moving average of $27.37 and a two-hundred day simple moving average of $27.95.

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.