Kestra Investment Management LLC Invests $32,000 in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Kestra Investment Management LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,170 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds also recently bought and sold shares of FREL. Larson Financial Group LLC grew its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% during the third 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 during the last quarter. Capital Investment Advisory Services LLC boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 63.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after purchasing an additional 787 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of 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 purchasing an additional 1,701 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 11.9% during the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after purchasing an additional 527 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth $206,000.

Fidelity MSCI Real Estate Index ETF Stock Down 1.0 %

NYSEARCA FREL opened at $27.76 on Friday. The company has a 50-day simple moving average of $27.28 and a two-hundred day simple moving average of $28.29. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.61 and a 12-month high of $30.07. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02.

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.