Wilmington Savings Fund Society FSB Invests $206,000 in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,984 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 99.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 34,447 shares of the company’s stock worth $1,016,000 after purchasing an additional 17,175 shares during the period. Townsquare Capital LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 7.4% in the third quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock worth $370,000 after buying an additional 869 shares during the period. Brown Brothers Harriman & Co. boosted its position in Fidelity MSCI Real Estate Index ETF by 147.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after acquiring an additional 1,701 shares in the last quarter. Larson Financial Group LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock valued at $37,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Meridian Wealth Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $289,000.

Fidelity MSCI Real Estate Index ETF Stock Down 4.0 %

Shares of FREL stock opened at $27.01 on Thursday. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The business’s fifty day moving average is $28.90 and its 200 day moving average is $27.86. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07.

About Fidelity MSCI Real Estate Index ETF

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.