AdvisorNet Financial Inc Cuts Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

AdvisorNet Financial Inc reduced its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 67.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,422 shares of the company’s stock after selling 2,900 shares during the period. AdvisorNet Financial Inc’s holdings in Fidelity MSCI Real Estate Index ETF were worth $38,000 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 the stock. Asset Management Group Inc. grew its position in Fidelity MSCI Real Estate Index ETF by 0.6% during the third quarter. Asset Management Group Inc. now owns 72,384 shares of the company’s stock worth $2,134,000 after buying an additional 401 shares during the period. Lynch & Associates IN grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 3.9% during the third quarter. Lynch & Associates IN now owns 11,504 shares of the company’s stock worth $339,000 after buying an additional 433 shares in the last quarter. HF Advisory Group LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 38,117 shares of the company’s stock valued at $1,124,000 after acquiring an additional 437 shares during the last quarter. Opes Wealth Management LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 0.5% during the 3rd quarter. Opes Wealth Management LLC now owns 104,956 shares of the company’s stock worth $3,094,000 after purchasing an additional 511 shares during the period. Finally, Essential Planning LLC. boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 0.4% during the third quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock worth $3,729,000 after purchasing an additional 563 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL opened at $27.19 on Friday. The company’s fifty day moving average is $27.95 and its two-hundred day moving average is $28.11. The firm has a market cap of $1.01 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.61 and a fifty-two week 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.