Marotta Asset Management Grows Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Marotta Asset Management grew its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,514 shares of the company’s stock after acquiring an additional 2,029 shares during the quarter. Marotta Asset Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $3,842,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Fingerlakes Wealth Management Inc. lifted its holdings in Fidelity MSCI Real Estate Index ETF by 38.3% in the second quarter. Fingerlakes Wealth Management Inc. now owns 12,025 shares of the company’s stock worth $305,000 after purchasing an additional 3,331 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 10.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 305,221 shares of the company’s stock worth $7,734,000 after buying an additional 28,552 shares in the last quarter. American Financial & Tax Strategies Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 1.6% in the 2nd quarter. American Financial & Tax Strategies Inc. now owns 192,809 shares of the company’s stock worth $4,886,000 after acquiring an additional 3,051 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 14.3% in the second quarter. J.W. Cole Advisors Inc. now owns 24,937 shares of the company’s stock valued at $632,000 after acquiring an additional 3,128 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the 2nd quarter valued at $3,177,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL stock traded down $0.46 during trading on Friday, hitting $26.16. 36,630 shares of the company were exchanged, compared to its average volume of 200,076. The business’s 50-day simple moving average is $28.19 and its 200 day simple moving average is $28.02. The firm has a market capitalization of $970.54 million, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07.

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.