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

Marotta Asset Management raised its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,514 shares of the company’s stock after purchasing an additional 2,029 shares during the period. Marotta Asset Management owned 0.39% of Fidelity MSCI Real Estate Index ETF worth $3,842,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Townsquare Capital LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 7.4% in the third quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock valued at $370,000 after purchasing an additional 869 shares during the last quarter. Essential Planning LLC. boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 0.4% during the 3rd quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock valued at $3,729,000 after acquiring an additional 563 shares during the last quarter. Clarity Asset Management Inc. increased its position in shares of Fidelity MSCI Real Estate Index ETF by 16.4% during the second quarter. Clarity Asset Management Inc. now owns 19,200 shares of the company’s stock valued at $487,000 after acquiring an additional 2,711 shares during the last quarter. Fingerlakes Wealth Management Inc. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 38.3% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 12,025 shares of the company’s stock valued at $305,000 after acquiring an additional 3,331 shares during the period. Finally, RFG Advisory LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2.7% in the 3rd quarter. RFG Advisory LLC now owns 128,865 shares of the company’s stock worth $3,799,000 after acquiring an additional 3,339 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA:FREL traded down $0.46 during mid-day trading on Friday, reaching $26.16. 36,630 shares of the company were exchanged, compared to its average volume of 200,076. The firm has a market cap of $970.54 million, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.61 and a 1 year high of $30.07. The firm’s 50-day simple moving average is $28.19 and its 200 day simple moving average is $28.02.

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.