Forte Asset Management LLC Acquires 6,263 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Forte Asset Management LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 76,004 shares of the company’s stock after acquiring an additional 6,263 shares during the quarter. Forte Asset Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $2,054,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Truefg LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 2.8% in the 4th quarter. Truefg LLC now owns 563,565 shares of the company’s stock worth $15,228,000 after acquiring an additional 15,103 shares in the last quarter. Black Diamond Financial LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 10.9% in the 3rd quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock worth $14,253,000 after purchasing an additional 47,474 shares during the period. Riverpoint Wealth Management Holdings LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 4.8% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 427,240 shares of the company’s stock valued at $12,595,000 after acquiring an additional 19,698 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 1.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 224,225 shares of the company’s stock valued at $6,610,000 after acquiring an additional 3,097 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 25.0% during the third quarter. Diversify Wealth Management LLC now owns 148,275 shares of the company’s stock valued at $4,330,000 after acquiring an additional 29,610 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 1.2 %

NYSEARCA:FREL opened at $27.82 on Tuesday. The firm has a 50 day moving average of $27.82 and a 200 day moving average of $28.21. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.61 and a 52 week 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.