PFG Advisors Acquires New Position in Fidelity MSCI Real Estate Index ETF $FREL

PFG Advisors acquired a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the third quarter, HoldingsChannel.com reports. The fund acquired 18,465 shares of the company’s stock, valued at approximately $514,000.

A number of other institutional investors have also bought and sold shares of FREL. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 81.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after purchasing an additional 434,332 shares during the last quarter. AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 18.9% in the third quarter. AE Wealth Management LLC now owns 1,234,225 shares of the company’s stock valued at $34,324,000 after purchasing an additional 196,350 shares during the last quarter. Black Diamond Financial LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 19.7% in the third quarter. Black Diamond Financial LLC now owns 678,768 shares of the company’s stock valued at $18,877,000 after purchasing an additional 111,792 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 13,304.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 105,892 shares of the company’s stock worth $2,863,000 after buying an additional 105,102 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 1,115.4% during the third quarter. Park Avenue Securities LLC now owns 98,802 shares of the company’s stock worth $2,748,000 after buying an additional 90,673 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA FREL opened at $27.92 on Friday. The stock’s fifty day moving average is $28.03 and its two-hundred day moving average is $27.65. The firm has a market capitalization of $1.39 billion, a P/E ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $29.21.

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.