Palisades Hudson Asset Management L.P. Grows Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Palisades Hudson Asset Management L.P. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,322 shares of the company’s stock after purchasing an additional 2,371 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for 0.7% of Palisades Hudson Asset Management L.P.’s investment portfolio, making the stock its 25th biggest holding. Palisades Hudson Asset Management L.P. owned approximately 0.16% of Fidelity MSCI Real Estate Index ETF worth $1,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Citizens & Northern Corp raised its position in shares of Fidelity MSCI Real Estate Index ETF by 16.9% in the second quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock valued at $19,373,000 after purchasing an additional 110,801 shares during the period. AE Wealth Management LLC boosted its holdings 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 acquiring an additional 141,975 shares during the period. Truefg LLC grew 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 valued at $14,236,000 after purchasing an additional 34,881 shares in the last quarter. Black Diamond Financial LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 31.0% during the 2nd quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock valued at $11,010,000 after purchasing an additional 102,865 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 13.3% during the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 407,542 shares of the company’s stock worth $10,327,000 after purchasing an additional 47,741 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA FREL traded up $0.24 during trading hours on Monday, hitting $28.44. The company had a trading volume of 11,737 shares, compared to its average volume of 179,301. The firm has a 50 day simple moving average of $29.07 and a 200 day simple moving average of $26.91. Fidelity MSCI Real Estate Index ETF has a 52 week low of $22.41 and a 52 week high of $30.07. The firm has a market capitalization of $1.06 billion, a price-to-earnings 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.