Truefg LLC Acquires 21,159 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Truefg LLC boosted its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 728,436 shares of the company’s stock after acquiring an additional 21,159 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for approximately 4.6% of Truefg LLC’s holdings, making the stock its 7th biggest holding. Truefg LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $19,799,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Riverpoint Wealth Management Holdings LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.7% in the first quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock worth $14,958,000 after purchasing an additional 30,075 shares during the last quarter. Marotta Asset Management lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 16.1% during the first quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock valued at $6,819,000 after purchasing an additional 35,105 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 49.4% during the first quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock valued at $9,492,000 after purchasing an additional 109,052 shares in the last quarter. Integrated Capital Management Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at $874,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the second quarter valued at $607,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA:FREL opened at $27.40 on Thursday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $26.37 and a fifty-two week high of $30.92. The business has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $29.01. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 34.96 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.