Black Diamond Financial LLC Acquires 47,247 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Black Diamond Financial LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 529,194 shares of the company’s stock after purchasing an additional 47,247 shares during the period. Fidelity MSCI Real Estate Index ETF comprises approximately 2.1% of Black Diamond Financial LLC’s portfolio, making the stock its 13th largest holding. Black Diamond Financial LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $14,299,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $32,000. Larson Financial Group LLC raised its stake in shares of 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 raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 63.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after acquiring an additional 787 shares during the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.7% during the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 11.9% during the fourth quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after acquiring an additional 527 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 1.0 %

Shares of NYSEARCA:FREL opened at $27.76 on Monday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company has a 50-day moving average price of $27.28 and a 200-day moving average price of $28.30. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.61 and a 12 month 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.