Riverpoint Wealth Management Holdings LLC Raises Stock Holdings in Fidelity MSCI Real Estate Index ETF $FREL

Riverpoint Wealth Management Holdings LLC increased its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,858 shares of the company’s stock after purchasing an additional 30,075 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for 3.2% of Riverpoint Wealth Management Holdings LLC’s holdings, making the stock its 10th biggest holding. Riverpoint Wealth Management Holdings LLC owned 1.13% of Fidelity MSCI Real Estate Index ETF worth $14,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. AE Wealth Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after buying an additional 380,393 shares during the last quarter. Lido Advisors LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after acquiring an additional 113,386 shares during the last quarter. Citizens & Northern Corp increased its holdings in Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after acquiring an additional 264,741 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Fidelity MSCI Real Estate Index ETF by 7.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock valued at $21,935,000 after acquiring an additional 54,228 shares during the last quarter. Finally, Black Diamond Financial LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 10.9% in the 4th quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock worth $20,244,000 after purchasing an additional 74,069 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 0.5%

FREL opened at $29.71 on Tuesday. The firm has a 50-day simple moving average of $29.34 and a two-hundred day simple moving average of $28.43. Fidelity MSCI Real Estate Index ETF has a 52 week low of $26.37 and a 52 week high of $30.13. The company has a market capitalization of $1.48 billion, a PE 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.