Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Acquired by Black Diamond Financial LLC

Black Diamond Financial LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 481,947 shares of the company’s stock after purchasing an additional 47,474 shares during the period. Fidelity MSCI Real Estate Index ETF makes up approximately 2.4% of Black Diamond Financial LLC’s portfolio, making the stock its 12th largest position. Black Diamond Financial LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $14,253,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Citizens & Northern Corp raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 16.9% during the 2nd quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock worth $19,373,000 after buying an additional 110,801 shares during the last quarter. AE Wealth Management LLC raised its position in Fidelity MSCI Real Estate Index ETF by 29.4% during 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. Truefg LLC lifted its holdings 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. Riverpoint Wealth Management Holdings LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 4.8% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 427,240 shares of the company’s stock valued at $12,595,000 after purchasing an additional 19,698 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 10.3% in the second quarter. Envestnet Asset Management Inc. now owns 305,221 shares of the company’s stock valued at $7,734,000 after purchasing an additional 28,552 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $28.38 on Friday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.58 and a 1 year high of $30.07. The business has a 50 day moving average price of $29.07 and a 200 day moving average price of $27.15. The company has a market capitalization of $1.05 billion, a P/E ratio of 25.77 and a beta of 1.02.

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.