Prime Capital Investment Advisors LLC Decreases Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Prime Capital Investment Advisors LLC trimmed its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 27.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 8,001 shares of the company’s stock after selling 2,955 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $236,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FREL. Investmark Advisory Group LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 11.4% in the 1st quarter. Investmark Advisory Group LLC now owns 15,826 shares of the company’s stock worth $413,000 after purchasing an additional 1,614 shares during the period. Atria Investments Inc increased its stake in Fidelity MSCI Real Estate Index ETF by 5.2% in the 1st quarter. Atria Investments Inc now owns 58,749 shares of the company’s stock worth $1,533,000 after purchasing an additional 2,881 shares during the period. Cetera Investment Advisers increased its stake in Fidelity MSCI Real Estate Index ETF by 79.3% in the 1st quarter. Cetera Investment Advisers now owns 60,352 shares of the company’s stock worth $1,575,000 after purchasing an additional 26,687 shares during the period. Cetera Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 1st quarter worth approximately $260,000. Finally, Pathway Financial Advisers LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the 1st quarter worth approximately $482,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $28.40 on Monday. The business’s 50 day simple moving average is $29.06 and its two-hundred day simple moving average is $27.21. The stock has a market capitalization of $1.05 billion, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a one year low of $23.58 and a one year high of $30.07.

About Fidelity MSCI Real Estate Index ETF

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.