Fifth Third Securities Inc. Makes New $590,000 Investment in Fidelity MSCI Real Estate Index ETF $FREL

Fifth Third Securities Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 21,215 shares of the company’s stock, valued at approximately $590,000. Fifth Third Securities Inc. owned about 0.05% of Fidelity MSCI Real Estate Index ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the second quarter worth approximately $27,000. Smartleaf Asset Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 45.3% during the first quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock valued at $132,000 after buying an additional 1,511 shares during the last quarter. Grand Wealth Management LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the second quarter valued at approximately $209,000. Galvin Gaustad & Stein LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 2nd quarter valued at $209,000. Finally, PBMares Wealth Management LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter worth $236,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL stock opened at $26.82 on Tuesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.35 and a fifty-two week high of $28.75. The stock’s 50-day simple moving average is $27.32 and its 200-day simple moving average is $27.41.

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.