51,677 Shares in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC acquired a new position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 51,677 shares of the company’s stock, valued at approximately $1,377,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NorthLanding Financial Partners LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 2.5% during the third quarter. NorthLanding Financial Partners LLC now owns 20,519 shares of the company’s stock worth $467,000 after purchasing an additional 496 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 3.2% in the third quarter. Rehmann Capital Advisory Group now owns 18,907 shares of the company’s stock valued at $430,000 after acquiring an additional 581 shares during the period. PCA Investment Advisory Services Inc. boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 4.9% in the third quarter. PCA Investment Advisory Services Inc. now owns 12,974 shares of the company’s stock valued at $295,000 after acquiring an additional 602 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 2.4% in the third quarter. Glass Jacobson Investment Advisors llc now owns 31,660 shares of the company’s stock valued at $720,000 after acquiring an additional 728 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 5.0% in the third quarter. Kestra Advisory Services LLC now owns 19,829 shares of the company’s stock valued at $451,000 after acquiring an additional 951 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Up 1.0 %

FREL opened at $24.26 on Wednesday. Fidelity MSCI Real Estate Index ETF has a 1-year low of $21.24 and a 1-year high of $27.06. The stock has a market capitalization of $900.05 million, a price-to-earnings ratio of 26.44 and a beta of 1.02. The business has a 50 day moving average of $25.41 and a 200-day moving average of $24.90.

About Fidelity MSCI Real Estate Index ETF

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.