220,576 Shares in Fidelity MSCI Real Estate Index ETF $FREL Acquired by Pasadena Private Wealth LLC

Pasadena Private Wealth LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 220,576 shares of the company’s stock, valued at approximately $5,936,000. Fidelity MSCI Real Estate Index ETF accounts for about 0.8% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 25th largest position. Pasadena Private Wealth LLC owned approximately 0.44% of Fidelity MSCI Real Estate Index ETF at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FREL. AE Wealth Management LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 30.8% during the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after buying an additional 380,393 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 82.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock worth $21,178,000 after buying an additional 344,617 shares during the period. Citizens & Northern Corp raised its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after buying an additional 264,741 shares during the period. Townsend Financial Planning LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth $4,524,000. Finally, BNP Paribas Financial Markets boosted its holdings in Fidelity MSCI Real Estate Index ETF by 3,750,100.0% in the third quarter. BNP Paribas Financial Markets now owns 150,008 shares of the company’s stock valued at $4,172,000 after acquiring an additional 150,004 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock opened at $29.97 on Monday. The stock has a 50-day moving average price of $29.20 and a two-hundred day moving average price of $28.22. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.37 and a 12-month high of $30.13. The company has a market cap of $1.48 billion, a PE ratio of 34.96 and a beta of 0.98.

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.