Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 10.3% during the 2nd quarter, Holdings Channel reports. The fund owned 305,221 shares of the company’s stock after acquiring an additional 28,552 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $7,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. Palisades Hudson Asset Management L.P. increased its position in Fidelity MSCI Real Estate Index ETF by 0.8% in the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 56,951 shares of the company’s stock valued at $1,443,000 after acquiring an additional 479 shares during the period. Sunbelt Securities Inc. increased its position in Fidelity MSCI Real Estate Index ETF by 3.0% in the 1st quarter. Sunbelt Securities Inc. now owns 17,413 shares of the company’s stock valued at $454,000 after acquiring an additional 502 shares during the period. Lynch & Associates IN increased its position in Fidelity MSCI Real Estate Index ETF by 5.7% in the 2nd quarter. Lynch & Associates IN now owns 11,071 shares of the company’s stock valued at $281,000 after acquiring an additional 599 shares during the period. PFG Advisors increased its position in Fidelity MSCI Real Estate Index ETF by 9.2% in the 1st quarter. PFG Advisors now owns 9,177 shares of the company’s stock valued at $239,000 after acquiring an additional 775 shares during the period. Finally, Disciplined Investments LLC increased its position in Fidelity MSCI Real Estate Index ETF by 8.9% in the 1st quarter. Disciplined Investments LLC now owns 12,699 shares of the company’s stock valued at $331,000 after acquiring an additional 1,036 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL opened at $29.26 on Friday. The stock has a fifty day moving average price of $28.31 and a two-hundred day moving average price of $26.27. The firm has a market cap of $1.09 billion, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1 year low of $21.24 and a 1 year 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.