Foster & Motley Inc. Cuts Stock Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Foster & Motley Inc. lowered its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 14.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,399 shares of the company’s stock after selling 1,427 shares during the quarter. Foster & Motley Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FREL. Truefg LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 2.8% during the fourth quarter. Truefg LLC now owns 563,565 shares of the company’s stock worth $15,228,000 after purchasing an additional 15,103 shares in the last quarter. Black Diamond Financial LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 10.9% during the 3rd quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock worth $14,253,000 after purchasing an additional 47,474 shares during the last quarter. Riverpoint Wealth Management Holdings LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 4.8% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 427,240 shares of the company’s stock worth $12,595,000 after buying an additional 19,698 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 1.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 224,225 shares of the company’s stock valued at $6,610,000 after buying an additional 3,097 shares during the last quarter. Finally, Diversify Wealth Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 25.0% in the third quarter. Diversify Wealth Management LLC now owns 148,275 shares of the company’s stock worth $4,330,000 after buying an additional 29,610 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 0.1 %

FREL stock opened at $27.47 on Friday. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.61 and a 12 month high of $30.07. The firm has a 50-day moving average of $27.70 and a two-hundred day moving average of $28.21.

Fidelity MSCI Real Estate Index ETF Profile

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.