Payne Capital Management LLC Has $8.01 Million Stake in Fidelity MSCI Real Estate Index ETF $FREL

Payne Capital Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 297,826 shares of the company’s stock after buying an additional 18,192 shares during the quarter. Fidelity MSCI Real Estate Index ETF comprises approximately 2.5% of Payne Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Payne Capital Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $8,009,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Truefg LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 6.3% during the third quarter. Truefg LLC now owns 641,438 shares of the company’s stock worth $17,838,000 after acquiring an additional 38,022 shares in the last quarter. AE Wealth Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after acquiring an additional 380,393 shares in the last quarter. Marotta Asset Management boosted its stake in Fidelity MSCI Real Estate Index ETF by 18.1% during the fourth quarter. Marotta Asset Management now owns 217,461 shares of the company’s stock worth $5,848,000 after acquiring an additional 33,287 shares in the last quarter. AGF Management Ltd. boosted its stake in Fidelity MSCI Real Estate Index ETF by 10.2% during the third quarter. AGF Management Ltd. now owns 334,055 shares of the company’s stock worth $9,290,000 after acquiring an additional 30,904 shares in the last quarter. Finally, PFG Advisors bought a new stake in Fidelity MSCI Real Estate Index ETF during the third quarter worth about $514,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL opened at $29.21 on Friday. The firm’s 50 day moving average price is $28.19 and its 200-day moving average price is $27.70. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.19 and a 52-week high of $29.45. The company has a market cap of $1.45 billion, a PE ratio of 34.96 and a beta of 1.02.

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.