Rehmann Capital Advisory Group Raises Position in Fidelity MSCI Real Estate Index ETF $FREL

Rehmann Capital Advisory Group increased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 9.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 216,431 shares of the company’s stock after purchasing an additional 17,977 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Fidelity MSCI Real Estate Index ETF were worth $6,030,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the second quarter valued at $418,000. Fifth Third Securities Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $590,000. Integrated Capital Management Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $888,000. Truefg LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 6.3% in the 3rd quarter. Truefg LLC now owns 641,438 shares of the company’s stock worth $17,838,000 after acquiring an additional 38,022 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Fidelity MSCI Real Estate Index ETF by 12.7% in the 2nd quarter. MAI Capital Management now owns 380,222 shares of the company’s stock worth $10,281,000 after acquiring an additional 42,827 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA FREL traded up $0.29 during trading on Friday, hitting $28.21. 19,723 shares of the company’s stock traded hands, compared to its average volume of 486,315. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.21. The business has a 50 day moving average of $28.03 and a 200-day moving average of $27.65.

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.