Marks Group Wealth Management Inc Sells 7,835 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Marks Group Wealth Management Inc cut its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,489 shares of the company’s stock after selling 7,835 shares during the quarter. Marks Group Wealth Management Inc owned approximately 0.16% of Fidelity MSCI Real Estate Index ETF worth $1,634,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FREL. Larson Financial Group LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock valued at $37,000 after buying an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 63.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after acquiring an additional 787 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 147.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after acquiring an additional 1,701 shares during the period. CWM LLC increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 62.9% during the 3rd quarter. CWM LLC now owns 4,336 shares of the company’s stock worth $128,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at about $206,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA:FREL opened at $27.62 on Thursday. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.61 and a 52-week high of $30.07. The company has a market capitalization of $1.02 billion, a P/E ratio of 25.77 and a beta of 1.02. The company has a 50-day simple moving average of $27.41 and a 200 day simple moving average of $28.26.

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.