Penobscot Wealth Management Acquires Shares of 13,080 Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Penobscot Wealth Management acquired a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,080 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors have also recently bought and sold shares of FREL. Atria Wealth Solutions Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 5.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 24,264 shares of the company’s stock valued at $647,000 after buying an additional 1,317 shares during the last quarter. Foster & Motley Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 19.3% during the 4th quarter. Foster & Motley Inc. now owns 24,730 shares of the company’s stock valued at $659,000 after buying an additional 3,996 shares during the last quarter. RWA Wealth Partners LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $1,377,000. Beaumont Financial Advisors LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $1,410,000. Finally, Forte Asset Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 6.5% during the 4th quarter. Forte Asset Management LLC now owns 62,372 shares of the company’s stock valued at $1,662,000 after buying an additional 3,808 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL traded down $0.15 during trading on Thursday, reaching $24.15. 101,177 shares of the stock traded hands, compared to its average volume of 186,712. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-week high of $27.06. The company has a 50-day moving average of $25.39 and a 200-day moving average of $24.90. The stock has a market capitalization of $895.97 million, a P/E ratio of 26.44 and a beta of 1.02.

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.