21,215 Shares in Fidelity MSCI Real Estate Index ETF $FREL Acquired by Fifth Third Securities Inc.

Fifth Third Securities Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, Holdings Channel reports. The firm purchased 21,215 shares of the company’s stock, valued at approximately $590,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FREL. Atlantic Union Bankshares Corp purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth $27,000. Smartleaf Asset Management LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 45.3% in the first quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock valued at $132,000 after buying an additional 1,511 shares in the last quarter. Grand Wealth Management LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the second quarter valued at $209,000. Galvin Gaustad & Stein LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth about $209,000. Finally, PBMares Wealth Management LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth about $236,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA:FREL opened at $26.82 on Tuesday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.35 and a 1 year high of $28.75. The stock has a market cap of $1.05 billion, a P/E ratio of 34.96 and a beta of 1.03. The stock has a 50-day simple moving average of $27.32 and a 200-day simple moving average of $27.41.

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.