Global Retirement Partners LLC Raises Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Global Retirement Partners LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,453 shares of the company’s stock after acquiring an additional 2,327 shares during the quarter. Global Retirement Partners LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $515,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FREL. Gradient Investments LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the second quarter worth approximately $40,000. CWM LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 388.3% during the second quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares during the period. Red Mountain Financial LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the third quarter valued at approximately $217,000. PFG Advisors increased its holdings in Fidelity MSCI Real Estate Index ETF by 9.2% during the first quarter. PFG Advisors now owns 9,177 shares of the company’s stock valued at $239,000 after buying an additional 775 shares during the period. Finally, Cetera Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the first quarter valued at approximately $260,000.

Fidelity MSCI Real Estate Index ETF Stock Down 2.0 %

Shares of FREL stock opened at $28.93 on Tuesday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company’s 50 day moving average is $28.89 and its 200 day moving average is $26.65. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-week high of $30.07.

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.