Fidelity MSCI Real Estate Index ETF $FREL Position Reduced by Venturi Wealth Management LLC

Venturi Wealth Management LLC trimmed its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,066 shares of the company’s stock after selling 570 shares during the quarter. Venturi Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the first quarter worth approximately $63,000. Smartleaf Asset Management LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 45.3% in the first quarter. Smartleaf Asset Management LLC now owns 4,850 shares of the company’s stock worth $132,000 after purchasing an additional 1,511 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the first quarter worth approximately $169,000. Principal Securities Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 25.3% in the first quarter. Principal Securities Inc. now owns 6,207 shares of the company’s stock worth $168,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 247.8% in the first quarter. Capital Investment Advisory Services LLC now owns 7,019 shares of the company’s stock worth $193,000 after purchasing an additional 5,001 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

NYSEARCA FREL opened at $26.82 on Friday. The company has a 50 day simple moving average of $27.60 and a 200-day simple moving average of $27.12. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 34.96 and a beta of 0.91. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.35 and a 52-week high of $30.02.

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.