Fidelity MSCI Real Estate Index ETF $FREL Stock Position Lifted by Marotta Asset Management

Marotta Asset Management lifted its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 252,566 shares of the company’s stock after acquiring an additional 35,105 shares during the period. Fidelity MSCI Real Estate Index ETF makes up 1.3% of Marotta Asset Management’s investment portfolio, making the stock its 27th largest position. Marotta Asset Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FREL. Flagship Harbor Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $26,000. SHP Wealth Management bought a new stake in Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at $27,000. Transamerica Financial Advisors LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 147.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after purchasing an additional 1,094 shares during the last quarter. Stone House Investment Management LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $80,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Fidelity MSCI Real Estate Index ETF stock opened at $29.79 on Friday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.37 and a 1 year high of $30.13. The firm’s 50-day moving average is $29.24 and its 200-day moving average is $28.29. The company has a market cap of $1.48 billion, a P/E ratio of 34.96 and a beta of 0.98.

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.