Meridian Wealth Management LLC Makes New $289,000 Investment in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Meridian Wealth Management LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) in the 3rd quarter, Holdings Channel reports. The fund bought 9,797 shares of the company’s stock, valued at approximately $289,000.

Other large investors also recently modified their holdings of the company. Investmark Advisory Group LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 11.4% in the first quarter. Investmark Advisory Group LLC now owns 15,826 shares of the company’s stock valued at $413,000 after purchasing an additional 1,614 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.2% during the 1st quarter. Atria Investments Inc now owns 58,749 shares of the company’s stock valued at $1,533,000 after buying an additional 2,881 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 79.3% during the 1st quarter. Cetera Investment Advisers now owns 60,352 shares of the company’s stock valued at $1,575,000 after buying an additional 26,687 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the first quarter worth approximately $260,000. Finally, Pathway Financial Advisers LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the first quarter worth $482,000.

Fidelity MSCI Real Estate Index ETF Price Performance

NYSEARCA FREL opened at $29.52 on Tuesday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.61 and a 12 month high of $30.07. The company’s fifty day moving average price is $29.00 and its two-hundred day moving average price is $27.38.

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.