Asset Management Group Inc. Reduces Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Asset Management Group Inc. lessened its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,983 shares of the company’s stock after selling 557 shares during the quarter. Asset Management Group Inc. owned about 0.19% of Fidelity MSCI Real Estate Index ETF worth $1,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Palisades Hudson Asset Management L.P. grew its stake in Fidelity MSCI Real Estate Index ETF by 0.8% during the second quarter. Palisades Hudson Asset Management L.P. now owns 56,951 shares of the company’s stock valued at $1,443,000 after acquiring an additional 479 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 3.0% in the first quarter. Sunbelt Securities Inc. now owns 17,413 shares of the company’s stock worth $454,000 after buying an additional 502 shares in the last quarter. Lynch & Associates IN boosted its stake in Fidelity MSCI Real Estate Index ETF by 5.7% during the second quarter. Lynch & Associates IN now owns 11,071 shares of the company’s stock valued at $281,000 after buying an additional 599 shares during the period. PFG Advisors increased its stake in 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 acquiring an additional 775 shares during the last quarter. Finally, Disciplined Investments LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 8.9% in the 1st quarter. Disciplined Investments LLC now owns 12,699 shares of the company’s stock valued at $331,000 after acquiring an additional 1,036 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Down 0.3 %

Shares of FREL opened at $29.37 on Friday. The stock has a 50-day moving average price of $28.06 and a 200-day moving average price of $26.16. The company has a market cap of $1.09 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.

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.