Smartleaf Asset Management LLC Buys 479 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Smartleaf Asset Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,339 shares of the company’s stock after acquiring an additional 479 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FREL. Ameritas Advisory Services LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $322,000. Townsquare Capital LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock valued at $370,000 after purchasing an additional 869 shares in the last quarter. Principal Securities Inc. increased its stake in Fidelity MSCI Real Estate Index ETF by 11.9% during the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after purchasing an additional 527 shares in the last quarter. Essential Planning LLC. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 0.4% during the 3rd quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock worth $3,729,000 after acquiring an additional 563 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $309,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $27.99 on Friday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.61 and a 1 year high of $30.07. The firm’s fifty day moving average price is $27.48 and its two-hundred day moving average price is $28.34. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 33.99 and a beta of 1.07.

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.