Summit Wealth Group LLC Co. acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 45,500 shares of the company’s stock, valued at approximately $1,223,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC grew its position in Fidelity MSCI Real Estate Index ETF by 57.3% during the fourth quarter. Ameritas Advisory Services LLC now owns 8,520 shares of the company’s stock valued at $229,000 after purchasing an additional 3,104 shares in the last quarter. Nwam LLC grew its position in Fidelity MSCI Real Estate Index ETF by 5.2% in the fourth quarter. Nwam LLC now owns 70,140 shares of the company’s stock worth $1,927,000 after acquiring an additional 3,489 shares in the last quarter. Diversify Wealth Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 40.5% in the fourth quarter. Diversify Wealth Management LLC now owns 220,642 shares of the company’s stock worth $6,041,000 after acquiring an additional 63,588 shares in the last quarter. Black Diamond Financial LLC grew its position in Fidelity MSCI Real Estate Index ETF by 10.9% in the fourth quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock worth $20,244,000 after acquiring an additional 74,069 shares in the last quarter. Finally, RFG Advisory LLC grew its position in Fidelity MSCI Real Estate Index ETF by 9.1% in the fourth quarter. RFG Advisory LLC now owns 152,564 shares of the company’s stock worth $4,102,000 after acquiring an additional 12,768 shares in the last quarter.
Fidelity MSCI Real Estate Index ETF Stock Up 0.1%
FREL stock opened at $29.37 on Wednesday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.19 and a 12 month high of $29.56. The firm has a 50 day moving average of $28.24 and a two-hundred day moving average of $27.78.
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.
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