Northwestern Mutual Wealth Management Co. Has $21.94 Million Stake in Fidelity MSCI Real Estate Index ETF $FREL

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 815,738 shares of the company’s stock after purchasing an additional 54,228 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 1.64% of Fidelity MSCI Real Estate Index ETF worth $21,935,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FREL. Flagship Harbor Advisors LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $26,000. Atlantic Union Bankshares Corp boosted its holdings in Fidelity MSCI Real Estate Index ETF by 81.7% during the third quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock worth $51,000 after purchasing an additional 817 shares during the last quarter. Stone House Investment Management LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 33.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the last quarter. Everstar Asset Management LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $114,000. Finally, CIBC Private Wealth Group LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the third quarter worth $139,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL opened at $29.07 on Monday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $29.67. The firm has a fifty day simple moving average of $28.43 and a 200 day simple moving average of $27.94. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00.

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.