RFG Advisory LLC Bolsters Holdings in Fidelity MSCI Real Estate Index ETF

RFG Advisory LLC has strategically increased its investment in the Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL), upping its stake by 7.4%. The company's latest 13F filing with the Securities and Exchange Commission reveals that it purchased an additional 6,612 shares during the third quarter, bringing its total share count to 95,816. This increase reflects RFG Advisory LLC's growing interest in the real estate sector, with the total investment in FREL valued at approximately $2.18 million.

Investor Activity Surrounding FREL

The investment activity around the Fidelity MSCI Real Estate Index ETF has seen various movements, with FMR LLC significantly increasing its holdings by 94.2% in the first quarter. Independence Bank of Kentucky, Roffman Miller Associates Inc. PA, and Smithfield Trust Co are among others who have initiated positions in FREL across different quarters, showcasing a diverse interest from institutional investors.

FREL's Market Performance

Fidelity MSCI Real Estate Index ETF's stock opened at $26.44 on a recent trading day. It has experienced a low of $21.24 and a high of $28.45 over the past year, demonstrating volatility within the real estate market. The ETF holds a market cap of $1.06 billion, with a P/E ratio at 26.17 and a beta of 0.91, indicating moderate market correlation. Investors watch the ETF's price movements, with its fifty-day moving average at $23.85 and a two-hundred-day moving average at $24.27.

Understanding FREL

The Fidelity MSCI Real Estate Index ETF specifically tracks the performance of the MSCI US IMI Real Estate 25-25 index, offering exposure to U.S. REITs and real estate companies regardless of market capitalization. Managed by Fidelity, FREL provides a diversified portfolio within the real estate sector, having been established on February 2, 2015. This ETF aims to reflect the investment results that correspond generally to the performance, before fees and expenses, of its benchmark index.

Additional Insights

Fidelity MSCI Real Estate Index ETF is one among many investment options. It's crucial for investors to review and consider varying strategies and securities to enhance their portfolios, including the potential benefits of investing in REITs and real estate-focused ETFs like FREL. Understanding market trends and individual financial goals is essential in choosing the right investment vehicles.

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