Penobscot Wealth Management Takes $349,000 Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Penobscot Wealth Management acquired a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 13,080 shares of the company’s stock, valued at approximately $349,000.

Several other institutional investors have also modified their holdings of the stock. Atria Wealth Solutions Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 24,264 shares of the company’s stock valued at $647,000 after purchasing an additional 1,317 shares during the last quarter. Foster & Motley Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 19.3% in the fourth quarter. Foster & Motley Inc. now owns 24,730 shares of the company’s stock worth $659,000 after buying an additional 3,996 shares during the period. RWA Wealth Partners LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth approximately $1,377,000. Beaumont Financial Advisors LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth approximately $1,410,000. Finally, Forte Asset Management LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 6.5% in the fourth quarter. Forte Asset Management LLC now owns 62,372 shares of the company’s stock worth $1,662,000 after buying an additional 3,808 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 0.6 %

Shares of NYSEARCA FREL traded down $0.15 during midday trading on Thursday, hitting $24.15. The company’s stock had a trading volume of 101,177 shares, compared to its average volume of 186,712. The business’s 50 day moving average is $25.39 and its two-hundred day moving average is $24.90. Fidelity MSCI Real Estate Index ETF has a 12-month low of $21.24 and a 12-month high of $27.06. The firm has a market cap of $895.97 million, a P/E ratio of 26.44 and a beta of 1.02.

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.