Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 29.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,975 shares of the company’s stock after selling 12,346 shares during the period. Diversify Advisory Services LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,201 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 147.7% during the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after buying an additional 1,701 shares in the last quarter. CWM LLC grew its position in Fidelity MSCI Real Estate Index ETF by 62.9% in the third quarter. CWM LLC now owns 4,336 shares of the company’s stock worth $128,000 after buying an additional 1,675 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at $206,000. Finally, Red Mountain Financial LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $217,000.

Fidelity MSCI Real Estate Index ETF Stock Up 1.8 %

Shares of NYSEARCA FREL opened at $27.69 on Wednesday. The stock’s fifty day simple moving average is $27.92 and its 200 day simple moving average is $28.14. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.61 and a 52-week 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.