Diversify Advisory Services LLC Sells 27,027 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

by · The Markets Daily

Diversify Advisory Services LLC reduced its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,321 shares of the company’s stock after selling 27,027 shares during the period. Diversify Advisory Services LLC owned about 0.11% of Fidelity MSCI Real Estate Index ETF worth $1,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gradient Investments LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth approximately $40,000. CWM LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 388.3% during the second quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after acquiring an additional 2,116 shares during the period. Red Mountain Financial LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at $217,000. PFG Advisors grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.2% in the 1st quarter. PFG Advisors now owns 9,177 shares of the company’s stock worth $239,000 after purchasing an additional 775 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth about $285,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.8 %

NYSEARCA:FREL opened at $28.86 on Wednesday. The firm has a market cap of $1.07 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $21.24 and a 12 month high of $30.07. The company’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $26.79.

Fidelity MSCI Real Estate Index ETF Company Profile

(Free Report)

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.

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