Fidelity MSCI Real Estate Index ETF $FREL Position Lessened by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 12.3% during the first quarter, HoldingsChannel.com reports. The firm owned 377,838 shares of the company’s stock after selling 53,177 shares during the quarter. Cetera Investment Advisers’ holdings in Fidelity MSCI Real Estate Index ETF were worth $10,168,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Sachem Hill LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.0% in the 1st quarter. Sachem Hill LLC now owns 90,648 shares of the company’s stock valued at $2,439,000 after buying an additional 1,809 shares in the last quarter. Prospect Financial Group LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 3.8% in the first quarter. Prospect Financial Group LLC now owns 116,981 shares of the company’s stock valued at $3,148,000 after acquiring an additional 4,244 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in Fidelity MSCI Real Estate Index ETF by 14.4% in the first quarter. Beaumont Financial Advisors LLC now owns 60,958 shares of the company’s stock worth $1,640,000 after acquiring an additional 7,657 shares in the last quarter. Nwam LLC increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 9.2% during the 1st quarter. Nwam LLC now owns 76,616 shares of the company’s stock worth $2,062,000 after purchasing an additional 6,476 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 5.7% during the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock valued at $14,958,000 after purchasing an additional 30,075 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 1.2%

FREL stock opened at $30.24 on Friday. The firm has a market cap of $1.51 billion, a PE ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 1 year low of $26.37 and a 1 year high of $30.92. The company has a fifty day simple moving average of $29.63 and a 200 day simple moving average of $28.72.

Fidelity MSCI Real Estate Index ETF Company 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.