Park Avenue Securities LLC Purchases 90,673 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Park Avenue Securities LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 1,115.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 98,802 shares of the company’s stock after buying an additional 90,673 shares during the period. Park Avenue Securities LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $2,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Snider Financial Group increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.7% in the 2nd quarter. Snider Financial Group now owns 16,519 shares of the company’s stock worth $447,000 after acquiring an additional 432 shares in the last quarter. Modern Wealth Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 3.8% during the first quarter. Modern Wealth Management LLC now owns 21,605 shares of the company’s stock worth $593,000 after acquiring an additional 790 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 0.7% during the second quarter. Independent Solutions Wealth Management LLC now owns 115,511 shares of the company’s stock worth $3,123,000 after acquiring an additional 844 shares in the last quarter. Glass Jacobson Investment Advisors llc grew its holdings in Fidelity MSCI Real Estate Index ETF by 2.4% in the second quarter. Glass Jacobson Investment Advisors llc now owns 38,756 shares of the company’s stock worth $1,048,000 after purchasing an additional 902 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new stake in Fidelity MSCI Real Estate Index ETF in the second quarter worth about $27,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock opened at $27.20 on Friday. The firm has a 50 day moving average price of $27.14 and a 200-day moving average price of $27.38. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.35 and a 52-week high of $28.75. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03.

Fidelity MSCI Real Estate Index ETF Company 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.