Raymond James Financial Inc. Buys Shares of 115,417 Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Raymond James Financial Inc. bought a new stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 115,417 shares of the company’s stock, valued at approximately $3,119,000. Raymond James Financial Inc. owned about 0.31% of Fidelity MSCI Real Estate Index ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Essential Planning LLC. lifted its stake in Fidelity MSCI Real Estate Index ETF by 6,175.9% in the fourth quarter. Essential Planning LLC. now owns 7,939,810 shares of the company’s stock valued at $227,231,000 after buying an additional 7,813,298 shares during the last quarter. Life Planning Partners Inc lifted its stake in Fidelity MSCI Real Estate Index ETF by 2,604.0% in the fourth quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock valued at $31,289,000 after buying an additional 1,115,180 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 26.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 566,807 shares of the company’s stock valued at $15,315,000 after buying an additional 118,562 shares during the last quarter. Truefg LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 2.8% in the fourth quarter. Truefg LLC now owns 563,565 shares of the company’s stock valued at $15,228,000 after buying an additional 15,103 shares during the last quarter. Finally, Black Diamond Financial LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 9.8% in the fourth quarter. Black Diamond Financial LLC now owns 529,194 shares of the company’s stock valued at $14,299,000 after buying an additional 47,247 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock opened at $26.53 on Tuesday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 32.16 and a beta of 1.00. The stock’s fifty day moving average is $26.93 and its two-hundred day moving average is $27.68. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.35 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.