Avantax Advisory Services Inc. Increases Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Avantax Advisory Services Inc. increased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 361,369 shares of the company’s stock after acquiring an additional 7,554 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $9,764,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FREL. Essential Planning LLC. lifted its stake in Fidelity MSCI Real Estate Index ETF by 6,175.9% during the fourth quarter. Essential Planning LLC. now owns 7,939,810 shares of the company’s stock worth $227,231,000 after purchasing an additional 7,813,298 shares during the last quarter. Life Planning Partners Inc lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 2,604.0% during the 4th quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock worth $31,289,000 after buying an additional 1,115,180 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $3,119,000. Heck Capital Advisors LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $2,440,000. Finally, Nwam LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $1,934,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL opened at $27.32 on Thursday. 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 market cap of $999.91 million, a PE ratio of 33.99 and a beta of 1.07. The firm has a fifty day moving average price of $27.51 and a 200 day moving average price of $28.32.

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.