PBMares Wealth Management LLC Invests $236,000 in Fidelity MSCI Real Estate Index ETF $FREL

PBMares Wealth Management LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 8,713 shares of the company’s stock, valued at approximately $236,000.

Several other large investors have also modified their holdings of the stock. Foster & Motley Inc. raised its holdings in Fidelity MSCI Real Estate Index ETF by 5.6% in the first quarter. Foster & Motley Inc. now owns 8,869 shares of the company’s stock valued at $244,000 after buying an additional 470 shares during the period. Modern Wealth Management LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 3.8% in the first quarter. Modern Wealth Management LLC now owns 21,605 shares of the company’s stock valued at $593,000 after buying an additional 790 shares during the period. Lynch & Associates IN raised its holdings in Fidelity MSCI Real Estate Index ETF by 7.4% in the first quarter. Lynch & Associates IN now owns 12,147 shares of the company’s stock valued at $334,000 after buying an additional 835 shares during the period. Marks Group Wealth Management Inc raised its holdings in Fidelity MSCI Real Estate Index ETF by 1.6% in the first quarter. Marks Group Wealth Management Inc now owns 61,478 shares of the company’s stock valued at $1,689,000 after buying an additional 989 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 2.9% in the second quarter. Farther Finance Advisors LLC now owns 41,427 shares of the company’s stock valued at $1,120,000 after buying an additional 1,177 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Up 0.4%

Shares of NYSEARCA:FREL opened at $27.81 on Wednesday. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.35 and a 52-week high of $30.02. The company has a 50 day moving average of $27.62 and a two-hundred day moving average of $27.13. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 34.96 and a beta of 0.91.

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.