Payne Capital Management LLC Buys 28,224 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Payne Capital Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 11.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 279,634 shares of the company’s stock after purchasing an additional 28,224 shares during the period. Fidelity MSCI Real Estate Index ETF comprises approximately 2.5% of Payne Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Payne Capital Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $7,777,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Lido Advisors LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 9.3% during the 3rd quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after buying an additional 113,386 shares during the last quarter. AE Wealth Management LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 18.9% during the 3rd quarter. AE Wealth Management LLC now owns 1,234,225 shares of the company’s stock valued at $34,324,000 after buying an additional 196,350 shares during the period. Envestnet Asset Management Inc. grew its holdings in Fidelity MSCI Real Estate Index ETF by 81.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after acquiring an additional 434,332 shares during the last quarter. Citizens & Northern Corp grew its holdings in Fidelity MSCI Real Estate Index ETF by 0.3% in the 3rd quarter. Citizens & Northern Corp now owns 822,330 shares of the company’s stock worth $22,869,000 after acquiring an additional 2,319 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Fidelity MSCI Real Estate Index ETF by 82.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock valued at $21,178,000 after acquiring an additional 344,617 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 1.5%

Shares of NYSEARCA:FREL opened at $27.86 on Thursday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. The company has a 50-day moving average price of $28.12 and a 200-day moving average price of $27.65. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.35 and a 12 month high of $29.21.

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.