Commonwealth Equity Services LLC Purchases 444,618 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Commonwealth Equity Services LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 444,618 shares of the company’s stock, valued at approximately $12,085,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FREL. Compass Financial Management LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the second quarter valued at $43,000. Fifth Third Bancorp boosted its stake in Fidelity MSCI Real Estate Index ETF by 180.3% in the first quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after acquiring an additional 1,210 shares in the last quarter. Talon Private Wealth LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the first quarter worth about $221,000. Ameritas Advisory Services LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.9% during the second quarter. Ameritas Advisory Services LLC now owns 11,500 shares of the company’s stock worth $337,000 after purchasing an additional 2,911 shares during the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth about $317,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL opened at $29.44 on Thursday. The business’s 50-day simple moving average is $28.18 and its 200-day simple moving average is $28.76. Fidelity MSCI Real Estate Index ETF has a one year low of $26.37 and a one year high of $30.92. The stock has a market capitalization of $1.44 billion, a P/E ratio of 30.40 and a beta of 0.97.

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.