Asset Management Group Inc. Acquires 401 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Asset Management Group Inc. grew its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.6% in the third quarter, HoldingsChannel reports. The fund owned 72,384 shares of the company’s stock after buying an additional 401 shares during the period. Asset Management Group Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $2,134,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FREL. AE Wealth Management LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 29.4% in the second quarter. AE Wealth Management LLC now owns 625,027 shares of the company’s stock valued at $15,838,000 after acquiring an additional 141,975 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the second quarter valued at about $3,177,000. Citizens & Northern Corp lifted its position in Fidelity MSCI Real Estate Index ETF by 16.9% during the second quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock worth $19,373,000 after purchasing an additional 110,801 shares during the period. Black Diamond Financial LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 31.0% during the second quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock worth $11,010,000 after purchasing an additional 102,865 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 13.3% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 407,542 shares of the company’s stock worth $10,327,000 after purchasing an additional 47,741 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Up 0.7 %

FREL opened at $28.91 on Friday. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07. The company has a 50-day simple moving average of $29.02 and a 200 day simple moving average of $27.30. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02.

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.