BCS Wealth Management Purchases New Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

BCS Wealth Management purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,023 shares of the company’s stock, valued at approximately $433,000.

Several other institutional investors also recently bought and sold shares of FREL. Envestnet Asset Management Inc. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 10.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 305,221 shares of the company’s stock valued at $7,734,000 after acquiring an additional 28,552 shares during the period. J.W. Cole Advisors Inc. increased its holdings in Fidelity MSCI Real Estate Index ETF by 14.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 24,937 shares of the company’s stock valued at $632,000 after purchasing an additional 3,128 shares in the last quarter. AE Wealth Management LLC raised its position in 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 purchasing an additional 141,975 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.2% during the second quarter. Thrivent Financial for Lutherans now owns 50,689 shares of the company’s stock worth $1,284,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Clarity Asset Management Inc. boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 16.4% in the second quarter. Clarity Asset Management Inc. now owns 19,200 shares of the company’s stock worth $487,000 after buying an additional 2,711 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock opened at $26.51 on Wednesday. The firm has a market cap of $983.52 million, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.61 and a 1 year high of $30.07. The stock has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $28.09.

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.