Independent Solutions Wealth Management LLC Buys 844 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Independent Solutions Wealth Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,511 shares of the company’s stock after purchasing an additional 844 shares during the period. Independent Solutions Wealth Management LLC owned about 0.31% of Fidelity MSCI Real Estate Index ETF worth $3,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FREL. Foster & Motley Inc. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 5.6% in the 1st quarter. Foster & Motley Inc. now owns 8,869 shares of the company’s stock worth $244,000 after buying an additional 470 shares during the last quarter. Modern Wealth Management LLC increased its position in Fidelity MSCI Real Estate Index ETF by 3.8% during the 1st quarter. Modern Wealth Management LLC now owns 21,605 shares of the company’s stock valued at $593,000 after purchasing 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 1st quarter. Lynch & Associates IN now owns 12,147 shares of the company’s stock worth $334,000 after purchasing an additional 835 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 1.6% in the 1st quarter. Marks Group Wealth Management Inc now owns 61,478 shares of the company’s stock worth $1,689,000 after purchasing an additional 989 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 41,427 shares of the company’s stock valued at $1,120,000 after purchasing an additional 1,177 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL opened at $27.52 on Tuesday. The company has a 50-day simple moving average of $27.61 and a two-hundred day simple moving average of $27.13. The firm has a market capitalization of $1.07 billion, a PE ratio of 34.96 and a beta of 0.91. Fidelity MSCI Real Estate Index ETF has a one year low of $23.35 and a one year high of $30.02.

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.