Birchcreek Wealth Management LLC Purchases 578 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Birchcreek Wealth Management LLC grew its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,105 shares of the company’s stock after purchasing an additional 578 shares during the quarter. Birchcreek Wealth Management LLC owned approximately 0.09% of Fidelity MSCI Real Estate Index ETF worth $1,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FREL. Gradient Investments LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the second quarter worth about $40,000. CWM LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 388.3% during the second quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares during the last quarter. Red Mountain Financial LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at about $217,000. Elevated Capital Advisors LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at approximately $285,000. Finally, Cetera Advisors LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the 1st quarter valued at approximately $260,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.4 %

Shares of Fidelity MSCI Real Estate Index ETF stock traded down $0.11 during midday trading on Friday, hitting $28.27. The company had a trading volume of 6,762 shares, compared to its average volume of 178,053. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company has a fifty day simple moving average of $29.07 and a 200 day simple moving average 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.

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.