Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC reduced its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 22.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 113,041 shares of the company’s stock after selling 32,290 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $3,054,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FREL. Smartleaf Asset Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 16.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock valued at $89,000 after purchasing an additional 479 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $322,000. Townsquare Capital LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.4% during the 3rd quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock worth $370,000 after buying an additional 869 shares during the last quarter. Principal Securities Inc. boosted its position in shares of 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 worth $134,000 after buying an additional 527 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 36.1% in the 4th quarter. Kohmann Bosshard Financial Services LLC now owns 11,131 shares of the company’s stock valued at $301,000 after acquiring an additional 2,955 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 0.2 %

NYSEARCA:FREL opened at $27.65 on Friday. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07. The company has a market capitalization of $1.01 billion, a P/E ratio of 31.68 and a beta of 1.08. The firm has a 50-day moving average price of $27.60 and a two-hundred day moving average price of $28.27.

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.