NorthLanding Financial Partners LLC Purchases 686 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

NorthLanding Financial Partners LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,662 shares of the company’s stock after purchasing an additional 686 shares during the quarter. NorthLanding Financial Partners LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $261,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FREL. Larson Financial Group LLC grew its stake in shares of 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 purchasing an additional 1,201 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.7% in the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after purchasing an additional 1,701 shares in the last quarter. CWM LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 62.9% during the third quarter. CWM LLC now owns 4,336 shares of the company’s stock valued at $128,000 after acquiring an additional 1,675 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at about $206,000. Finally, Red Mountain Financial LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth about $217,000.

Fidelity MSCI Real Estate Index ETF Trading Up 1.8 %

NYSEARCA FREL opened at $27.69 on Wednesday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.61 and a 12 month high of $30.07. The stock has a market cap of $1.03 billion, a PE ratio of 25.77 and a beta of 1.02. The stock’s 50 day moving average is $27.92 and its 200 day moving average is $28.14.

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.