Commonwealth Equity Services LLC Boosts Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Commonwealth Equity Services LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 26.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 566,807 shares of the company’s stock after purchasing an additional 118,562 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $15,315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Essential Planning LLC. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 6,175.9% during the fourth quarter. Essential Planning LLC. now owns 7,939,810 shares of the company’s stock worth $227,231,000 after acquiring an additional 7,813,298 shares in the last quarter. Life Planning Partners Inc grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2,604.0% during the 4th quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock valued at $31,289,000 after purchasing an additional 1,115,180 shares during the last quarter. Truefg LLC raised its position in Fidelity MSCI Real Estate Index ETF by 2.8% in the 4th quarter. Truefg LLC now owns 563,565 shares of the company’s stock worth $15,228,000 after purchasing an additional 15,103 shares during the period. Black Diamond Financial LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 9.8% in the fourth quarter. Black Diamond Financial LLC now owns 529,194 shares of the company’s stock worth $14,299,000 after purchasing an additional 47,247 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 0.8% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 430,742 shares of the company’s stock valued at $11,639,000 after buying an additional 3,502 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Up 1.5 %

Shares of NYSEARCA:FREL opened at $27.75 on Tuesday. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.61 and a 12-month high of $30.07. The stock’s 50-day moving average price is $27.53 and its 200-day moving average price is $28.29. The stock has a market capitalization of $1.02 billion, a P/E ratio of 31.68 and a beta of 1.08.

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.