Palisades Hudson Asset Management L.P. Sells 1,949 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Palisades Hudson Asset Management L.P. cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,373 shares of the company’s stock after selling 1,949 shares during the quarter. Fidelity MSCI Real Estate Index ETF makes up approximately 0.7% of Palisades Hudson Asset Management L.P.’s holdings, making the stock its 26th largest holding. Palisades Hudson Asset Management L.P.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,550,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FREL. Kestra Investment Management LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at approximately $32,000. Larson Financial Group LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock valued at $37,000 after acquiring an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 63.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after acquiring an additional 787 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Fidelity MSCI Real Estate Index ETF by 147.7% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock valued at $89,000 after acquiring an additional 479 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

Fidelity MSCI Real Estate Index ETF stock opened at $27.73 on Tuesday. The stock’s 50 day simple moving average is $27.50 and its two-hundred day simple moving average is $28.34. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 33.99 and a beta of 1.07. 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.