220,576 Shares in Fidelity MSCI Real Estate Index ETF $FREL Bought by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC acquired a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the first quarter, Holdings Channel.com reports. The firm acquired 220,576 shares of the company’s stock, valued at approximately $5,936,000. Fidelity MSCI Real Estate Index ETF makes up approximately 0.8% of Pasadena Private Wealth LLC’s portfolio, making the stock its 25th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $26,000. SHP Wealth Management acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $27,000. Transamerica Financial Advisors LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 147.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after purchasing an additional 1,094 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 33.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock valued at $60,000 after purchasing an additional 550 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at about $80,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL opened at $29.97 on Monday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $26.37 and a fifty-two week high of $30.13. The business has a 50 day moving average price of $29.20 and a two-hundred day moving average price of $28.22. The firm has a market cap of $1.48 billion, a PE ratio of 34.96 and a beta of 0.98.

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.