Nwam LLC Takes Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Nwam LLC bought a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the third quarter, HoldingsChannel reports. The fund bought 65,620 shares of the company’s stock, valued at approximately $1,934,000.

A number of other large investors have also modified their holdings of the stock. Citizens & Northern Corp grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 16.9% in the second quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock valued at $19,373,000 after buying an additional 110,801 shares in the last quarter. AE Wealth Management LLC grew its stake 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 valued at $15,838,000 after buying an additional 141,975 shares in the last quarter. Truefg LLC boosted its holdings in 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 during the last quarter. Black Diamond Financial LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 10.9% in the third quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock valued at $14,253,000 after purchasing an additional 47,474 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC boosted its holdings in 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.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL opened at $29.13 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a one year low of $23.61 and a one year high of $30.07. The stock has a 50-day moving average price of $29.01 and a 200 day moving average price of $27.31.

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.