Diversify Wealth Management LLC Acquires 29,610 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Diversify Wealth Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 25.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 148,275 shares of the company’s stock after purchasing an additional 29,610 shares during the period. Diversify Wealth Management LLC owned 0.40% of Fidelity MSCI Real Estate Index ETF worth $4,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the second quarter valued at about $40,000. CWM LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 388.3% during the 2nd quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares in the last quarter. Red Mountain Financial LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth about $217,000. PFG Advisors lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.2% during the first quarter. PFG Advisors now owns 9,177 shares of the company’s stock valued at $239,000 after purchasing an additional 775 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the first quarter valued at $260,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.7 %

Shares of NYSEARCA FREL traded up $0.21 during trading on Wednesday, reaching $29.07. The company had a trading volume of 127,913 shares, compared to its average volume of 179,709. The business’s 50-day moving average is $29.05 and its 200 day moving average is $26.82. The stock has a market cap of $1.08 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12-month low of $21.53 and a 12-month 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.