109,939 Shares of Fidelity MSCI Real Estate Index ETF $FREL Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 109,939 shares of the company’s stock, valued at approximately $2,988,000. Park Avenue Securities LLC owned 0.22% of Fidelity MSCI Real Estate Index ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Fidelity MSCI Real Estate Index ETF by 25,321.8% during the first quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock worth $276,329,000 after purchasing an additional 10,228,250 shares during the period. Truefg LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 3.0% in the third quarter. Truefg LLC now owns 728,436 shares of the company’s stock worth $19,799,000 after purchasing an additional 21,159 shares in the last quarter. Riverpoint Wealth Management Holdings LLC lifted its stake in 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 valued at $14,958,000 after buying an additional 30,075 shares during the period. Diversify Advisory Services LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 8.0% in the third quarter. Diversify Advisory Services LLC now owns 376,148 shares of the company’s stock valued at $10,431,000 after buying an additional 27,912 shares during the period. Finally, Diversify Wealth Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 49.4% in the first quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock valued at $9,492,000 after buying an additional 109,052 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Fidelity MSCI Real Estate Index ETF stock opened at $28.50 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 52-week low of $26.37 and a 52-week high of $30.92. The stock’s 50 day moving average price is $28.25 and its two-hundred day moving average price is $28.70.

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.