Marotta Asset Management Increases Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Marotta Asset Management boosted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,118 shares of the company’s stock after acquiring an additional 7,664 shares during the quarter. Marotta Asset Management owned 0.28% of Fidelity MSCI Real Estate Index ETF worth $2,977,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwest Financial Advisors acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth approximately $26,000. BOK Financial Private Wealth Inc. purchased a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $44,000. Fortitude Family Office LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $54,000. Principal Securities Inc. purchased a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $64,000. Finally, Aspect Partners LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $176,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Fidelity MSCI Real Estate Index ETF stock traded up $0.08 during trading on Tuesday, reaching $25.32. 238,637 shares of the company were exchanged, compared to its average volume of 177,063. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-week high of $27.06. The company has a market capitalization of $939.37 million, a P/E ratio of 25.77 and a beta of 1.02. The stock’s 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $25.44.

Fidelity MSCI Real Estate Index ETF 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.