Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lowered its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,384 shares of the company’s stock after selling 469 shares during the period. Brown Brothers Harriman & Co.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $64,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FREL. Kestra Investment Management LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $32,000. Capital Investment Advisory Services LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 63.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock worth $55,000 after purchasing an additional 787 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock worth $89,000 after purchasing an additional 479 shares during the period. Principal Securities Inc. raised its position in Fidelity MSCI Real Estate Index ETF by 11.9% in the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after purchasing an additional 527 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 330.5% in the fourth quarter. Larson Financial Group LLC now owns 5,412 shares of the company’s stock worth $146,000 after acquiring an additional 4,155 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 0.4 %

Shares of FREL stock opened at $27.61 on Thursday. The firm has a fifty day moving average price of $27.68 and a 200 day moving average price of $28.16. The company has a market cap of $1.01 billion, a P/E ratio of 32.20 and a beta of 1.08. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.61 and a 12 month high of $30.07.

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.