Black Diamond Financial LLC Increases Stock Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Black Diamond Financial LLC increased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 481,947 shares of the company’s stock after acquiring an additional 47,474 shares during the quarter. Fidelity MSCI Real Estate Index ETF makes up about 2.4% of Black Diamond Financial LLC’s portfolio, making the stock its 12th biggest holding. Black Diamond Financial LLC owned 1.30% of Fidelity MSCI Real Estate Index ETF worth $14,253,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Gradient Investments LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at $40,000. CWM LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 388.3% during the 2nd quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after acquiring an additional 2,116 shares in the last quarter. Red Mountain Financial LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth approximately $217,000. Cetera Advisors LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $260,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the second quarter valued at approximately $281,000.

Fidelity MSCI Real Estate Index ETF Trading Down 1.0 %

Fidelity MSCI Real Estate Index ETF stock opened at $28.38 on Friday. The company has a 50-day moving average price of $29.07 and a 200 day moving average price of $27.15. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.58 and a 12-month high of $30.07. The stock has a market cap of $1.05 billion, a P/E ratio of 25.77 and a beta of 1.02.

Fidelity MSCI Real Estate Index ETF Profile

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.