Fidelity MSCI Real Estate Index ETF $FREL Shares Newly Acquired by Citizens & Northern Corp

Citizens & Northern Corp acquired a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 983,267 shares of the company’s stock, valued at approximately $26,725,000. Fidelity MSCI Real Estate Index ETF makes up approximately 5.9% of Citizens & Northern Corp’s portfolio, making the stock its 2nd largest holding. Citizens & Northern Corp owned 2.01% of Fidelity MSCI Real Estate Index ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Compass Financial Management LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the second quarter worth about $43,000. Fifth Third Bancorp grew its stake in Fidelity MSCI Real Estate Index ETF by 180.3% in the first quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after purchasing an additional 1,210 shares in the last quarter. Talon Private Wealth LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $221,000. Ameritas Advisory Services LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 33.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 11,500 shares of the company’s stock worth $337,000 after purchasing an additional 2,911 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $317,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.6%

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $29.26 on Friday. The stock has a market cap of $1.43 billion, a P/E ratio of 30.40 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.37 and a 12-month high of $30.92. The business’s 50 day moving average is $28.19 and its 200-day moving average is $28.77.

Fidelity MSCI Real Estate Index ETF 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.