Marotta Asset Management Buys 33,287 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Marotta Asset Management raised its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 18.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 217,461 shares of the company’s stock after buying an additional 33,287 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for 1.1% of Marotta Asset Management’s holdings, making the stock its 29th largest holding. Marotta Asset Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $5,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of FREL. Jones Financial Companies Lllp lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 1,833.6% during the 1st quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock worth $374,000 after buying an additional 12,927 shares during the last quarter. Focus Partners Wealth acquired a new position in Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at about $303,000. JPMorgan Chase & Co. grew its stake in Fidelity MSCI Real Estate Index ETF by 33.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock valued at $1,541,000 after buying an additional 14,334 shares during the last quarter. MAI Capital Management raised its holdings in Fidelity MSCI Real Estate Index ETF by 12.7% in the 2nd quarter. MAI Capital Management now owns 380,222 shares of the company’s stock valued at $10,281,000 after acquiring an additional 42,827 shares during the period. Finally, Global Retirement Partners LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at about $418,000.

Fidelity MSCI Real Estate Index ETF Stock Down 4.1%

Shares of FREL stock opened at $26.66 on Friday. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.35 and a 12-month high of $29.21. The company has a market capitalization of $1.33 billion, a PE ratio of 34.96 and a beta of 1.03. The firm has a 50 day moving average price of $28.12 and a two-hundred day moving average price of $27.64.

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.