BCS Wealth Management Makes New Investment in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

BCS Wealth Management purchased a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,023 shares of the company’s stock, valued at approximately $433,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Fidelity MSCI Real Estate Index ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 305,221 shares of the company’s stock worth $7,734,000 after buying an additional 28,552 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 14.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,937 shares of the company’s stock worth $632,000 after acquiring an additional 3,128 shares during the period. AE Wealth Management LLC boosted 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 acquiring an additional 141,975 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 5.2% in the second quarter. Thrivent Financial for Lutherans now owns 50,689 shares of the company’s stock worth $1,284,000 after acquiring an additional 2,502 shares during the last quarter. Finally, Clarity Asset Management Inc. grew its holdings in Fidelity MSCI Real Estate Index ETF by 16.4% in the second quarter. Clarity Asset Management Inc. now owns 19,200 shares of the company’s stock valued at $487,000 after purchasing an additional 2,711 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Up 1.0 %

NYSEARCA:FREL opened at $26.51 on Wednesday. The company has a market cap of $983.52 million, a P/E ratio of 25.77 and a beta of 1.02. The firm’s 50 day moving average is $28.05 and its two-hundred day moving average is $28.09. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.61 and a fifty-two week high of $30.07.

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.