Sachetta LLC Grows Stock Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Sachetta LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,328 shares of the company’s stock after acquiring an additional 3,241 shares during the period. Fidelity MSCI Real Estate Index ETF makes up 0.7% of Sachetta LLC’s portfolio, making the stock its 25th biggest position. Sachetta LLC owned about 0.17% of Fidelity MSCI Real Estate Index ETF worth $1,808,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lynch & Associates IN lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 3.9% during the third quarter. Lynch & Associates IN now owns 11,504 shares of the company’s stock worth $339,000 after purchasing an additional 433 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 1.2% in the third quarter. HF Advisory Group LLC now owns 38,117 shares of the company’s stock worth $1,124,000 after purchasing an additional 437 shares during the period. Palisades Hudson Asset Management L.P. increased its stake in Fidelity MSCI Real Estate Index ETF by 0.8% during the second quarter. Palisades Hudson Asset Management L.P. now owns 56,951 shares of the company’s stock valued at $1,443,000 after purchasing an additional 479 shares during the last quarter. Opes Wealth Management LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 0.5% during the third quarter. Opes Wealth Management LLC now owns 104,956 shares of the company’s stock valued at $3,094,000 after buying an additional 511 shares during the last quarter. Finally, Essential Planning LLC. boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 0.4% during the third quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock worth $3,729,000 after buying an additional 563 shares during the period.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $28.77 on Wednesday. The stock’s 50 day moving average price is $29.05 and its 200 day moving average price is $27.26. The stock has a market cap of $1.07 billion, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.58 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.