Tortoise Investment Management LLC Reduces Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Tortoise Investment Management LLC cut its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 52,474 shares of the company’s stock after selling 1,220 shares during the quarter. Tortoise Investment Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,418,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FREL. Life Planning Partners Inc increased its position in shares of Fidelity MSCI Real Estate Index ETF by 2,604.0% in the 4th quarter. Life Planning Partners Inc now owns 1,158,005 shares of the company’s stock valued at $31,289,000 after purchasing an additional 1,115,180 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $3,119,000. Heck Capital Advisors LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $2,440,000. Nwam LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at $1,934,000. Finally, Black Diamond Financial LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 10.9% in the 3rd quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock valued at $14,253,000 after buying an additional 47,474 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 0.6 %

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $27.99 on Monday. The company has a fifty day simple moving average of $27.48 and a 200-day simple moving average of $28.34. Fidelity MSCI Real Estate Index ETF has a 12-month low of $23.61 and a 12-month high of $30.07. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 33.99 and a beta of 1.07.

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.