Lido Advisors LLC Purchases New Position in Fidelity MSCI Real Estate Index ETF $FREL

Lido Advisors LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,328,117 shares of the company’s stock, valued at approximately $36,098,000. Lido Advisors LLC owned 2.71% of Fidelity MSCI Real Estate Index ETF at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FREL. Fingerlakes Wealth Management Inc. boosted its position in Fidelity MSCI Real Estate Index ETF by 9.5% in the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 28,174 shares of the company’s stock worth $766,000 after purchasing an additional 2,452 shares in the last quarter. Kestra Advisory Services LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 30.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 59,684 shares of the company’s stock worth $1,622,000 after purchasing an additional 13,892 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $12,085,000. Modera Wealth Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at approximately $326,000. Finally, Livet Wealth LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 2.7% during the 3rd quarter. Livet Wealth LLC now owns 92,048 shares of the company’s stock valued at $2,502,000 after purchasing an additional 2,381 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

NYSEARCA:FREL opened at $29.49 on Wednesday. The company has a 50 day moving average price of $28.18 and a 200-day moving average price of $28.75. Fidelity MSCI Real Estate Index ETF has a 1-year low of $26.37 and a 1-year high of $30.92. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 30.40 and a beta of 0.97.

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.