Black Diamond Financial LLC Grows Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Black Diamond Financial LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 529,194 shares of the company’s stock after purchasing an additional 47,247 shares during the period. Fidelity MSCI Real Estate Index ETF makes up 2.1% of Black Diamond Financial LLC’s portfolio, making the stock its 13th biggest holding. Black Diamond Financial LLC owned about 1.43% of Fidelity MSCI Real Estate Index ETF worth $14,299,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $32,000. Larson Financial Group LLC grew its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after acquiring an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC grew its position in Fidelity MSCI Real Estate Index ETF by 63.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock worth $55,000 after acquiring an additional 787 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in Fidelity MSCI Real Estate Index ETF by 147.7% in the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 11.9% in the fourth quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock worth $134,000 after acquiring an additional 527 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA:FREL opened at $27.76 on Monday. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.61 and a 52-week high of $30.07. The firm has a fifty day moving average of $27.28 and a 200 day moving average of $28.30. The firm has a market capitalization of $1.03 billion, a PE ratio of 25.77 and a beta of 1.02.

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.