Raymond James Financial Services Advisors Inc. Acquires 23,259 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Raymond James Financial Services Advisors Inc. grew its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get Rating) by 34.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,184 shares of the company’s stock after acquiring an additional 23,259 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.16% of Fidelity MSCI Real Estate Index ETF worth $2,262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FREL. Riverpoint Wealth Management Holdings LLC increased its position in Fidelity MSCI Real Estate Index ETF by 49.1% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 687,718 shares of the company’s stock valued at $17,062,000 after purchasing an additional 226,378 shares during the period. Udine Wealth Management Inc. purchased a new stake in Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $4,188,000. Forte Asset Management LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $1,882,000. Jane Street Group LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at $1,718,000. Finally, Lido Advisors LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.2% in the 1st quarter. Lido Advisors LLC now owns 740,336 shares of the company’s stock valued at $23,979,000 after acquiring an additional 62,153 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $24.02 on Wednesday. The firm has a fifty day moving average price of $24.42 and a 200 day moving average price of $25.37. Fidelity MSCI Real Estate Index ETF has a 1 year low of $22.29 and a 1 year high of $30.53. The stock has a market cap of $1.09 billion, a P/E ratio of 26.17 and a beta of 0.91.

About Fidelity MSCI Real Estate Index ETF

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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.