AE Wealth Management LLC Increases Stock Position in Fidelity MSCI Real Estate Index ETF $FREL

AE Wealth Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,614,618 shares of the company’s stock after purchasing an additional 380,393 shares during the period. AE Wealth Management LLC owned 3.32% of Fidelity MSCI Real Estate Index ETF worth $43,417,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FREL. Flagship Harbor Advisors LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth $26,000. Geneos Wealth Management Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $33,000. Atlantic Union Bankshares Corp boosted its position in Fidelity MSCI Real Estate Index ETF by 81.7% during the third quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock valued at $51,000 after purchasing an additional 817 shares in the last quarter. Stone House Investment Management LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 33.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock valued at $60,000 after purchasing an additional 550 shares in the last quarter. Finally, Realta Investment Advisors bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter worth about $120,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock opened at $28.87 on Friday. Fidelity MSCI Real Estate Index ETF has a one year low of $25.46 and a one year high of $29.21. The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $27.60. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 34.96 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.