7,358 Shares in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Acquired by Red Mountain Financial LLC

Red Mountain Financial LLC bought a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,358 shares of the company’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citizens & Northern Corp grew its holdings in Fidelity MSCI Real Estate Index ETF by 16.9% during the 2nd quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock valued at $19,373,000 after buying an additional 110,801 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 29.4% in the second quarter. AE Wealth Management LLC now owns 625,027 shares of the company’s stock worth $15,838,000 after buying an additional 141,975 shares in the last quarter. Truefg LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 6.6% in the second quarter. Truefg LLC now owns 561,783 shares of the company’s stock worth $14,236,000 after buying an additional 34,881 shares in the last quarter. Black Diamond Financial LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 31.0% during the second quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock valued at $11,010,000 after buying an additional 102,865 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 13.3% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 407,542 shares of the company’s stock worth $10,327,000 after acquiring an additional 47,741 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA FREL opened at $28.67 on Friday. The stock has a 50 day moving average price of $28.65 and a 200-day moving average price of $26.49. Fidelity MSCI Real Estate Index ETF has a one year low of $21.24 and a one year high of $30.07. The company has a market capitalization of $1.06 billion, a P/E ratio of 25.77 and a beta of 1.02.

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.