New England Private Wealth Advisors LLC Invests $684,000 in Fidelity MSCI Real Estate Index ETF $FREL

New England Private Wealth Advisors LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,602 shares of the company’s stock, valued at approximately $684,000. New England Private Wealth Advisors LLC owned about 0.06% of Fidelity MSCI Real Estate Index ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FREL. PFG Advisors purchased a new stake in Fidelity MSCI Real Estate Index ETF during the third quarter valued at $514,000. Diversify Advisory Services LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 25.6% in the 3rd quarter. Diversify Advisory Services LLC now owns 62,793 shares of the company’s stock worth $1,698,000 after buying an additional 12,782 shares in the last quarter. Smith Moore & CO. grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 9.5% in the 3rd quarter. Smith Moore & CO. now owns 40,281 shares of the company’s stock worth $1,120,000 after buying an additional 3,484 shares in the last quarter. PKS Advisory Services LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 1.1% in the 3rd quarter. PKS Advisory Services LLC now owns 35,085 shares of the company’s stock worth $976,000 after buying an additional 398 shares during the last quarter. Finally, Cornerstone Financial Group LLC NE bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth about $204,000.

Fidelity MSCI Real Estate Index ETF Trading Down 1.2%

Shares of NYSEARCA FREL opened at $28.40 on Monday. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.21. The firm’s 50-day moving average price is $27.94 and its 200-day moving average price is $27.63. The stock has a market capitalization of $1.41 billion, a price-to-earnings 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.