Northwestern Mutual Wealth Management Co. Purchases 54,228 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 815,738 shares of the company’s stock after buying an additional 54,228 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $21,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AE Wealth Management LLC raised its position in Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after acquiring an additional 380,393 shares in the last quarter. Lido Advisors LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after purchasing an additional 113,386 shares during the period. Citizens & Northern Corp raised its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after purchasing an additional 434,332 shares during the period. Finally, Black Diamond Financial LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 10.9% in the fourth quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock valued at $20,244,000 after purchasing an additional 74,069 shares during the period.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL opened at $29.07 on Monday. The firm has a market capitalization of $1.44 billion, a PE ratio of 34.96 and a beta of 1.00. The company’s 50-day moving average is $28.43 and its 200-day moving average is $27.94. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $26.37 and a fifty-two week high of $29.67.

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.