Black Diamond Financial LLC Purchases 111,792 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Black Diamond Financial LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 19.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 678,768 shares of the company’s stock after purchasing an additional 111,792 shares during the period. Fidelity MSCI Real Estate Index ETF comprises 2.1% of Black Diamond Financial LLC’s investment portfolio, making the stock its 14th largest holding. Black Diamond Financial LLC owned approximately 1.74% of Fidelity MSCI Real Estate Index ETF worth $18,877,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth about $418,000. Riverpoint Wealth Management Holdings LLC increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 3.9% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 467,376 shares of the company’s stock valued at $12,638,000 after buying an additional 17,341 shares during the period. Fifth Third Securities Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth about $590,000. American Financial & Tax Strategies Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 1.5% during the second quarter. American Financial & Tax Strategies Inc. now owns 189,228 shares of the company’s stock worth $5,117,000 after acquiring an additional 2,860 shares during the last quarter. Finally, Integrated Capital Management Inc. acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth approximately $888,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA:FREL opened at $27.65 on Thursday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $28.75. The company has a 50 day simple moving average of $27.27 and a two-hundred day simple moving average of $27.43. The company has a market capitalization of $1.37 billion, a PE ratio of 34.96 and a beta of 1.03.

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.