Modern Wealth Management LLC Acquires New Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Modern Wealth Management LLC bought a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,605 shares of the company’s stock, valued at approximately $599,000.

Several other institutional investors also recently bought and sold shares of the business. Essential Planning LLC. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 6,175.9% during the 4th quarter. Essential Planning LLC. now owns 7,939,810 shares of the company’s stock worth $227,231,000 after acquiring an additional 7,813,298 shares during the period. Life Planning Partners Inc raised its stake in Fidelity MSCI Real Estate Index ETF by 2,604.0% during the fourth quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock worth $31,289,000 after purchasing an additional 1,115,180 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 26.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 566,807 shares of the company’s stock valued at $15,315,000 after purchasing an additional 118,562 shares during the last quarter. Truefg LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.8% during the 4th quarter. Truefg LLC now owns 563,565 shares of the company’s stock valued at $15,228,000 after buying an additional 15,103 shares during the period. Finally, Black Diamond Financial LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.8% during the 4th quarter. Black Diamond Financial LLC now owns 529,194 shares of the company’s stock worth $14,299,000 after buying an additional 47,247 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 0.6 %

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $27.35 on Thursday. The business’s fifty day moving average price is $27.67 and its 200 day moving average price is $28.23. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07. The stock has a market capitalization of $1.00 billion, a P/E ratio of 31.68 and a beta of 1.08.

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.