Foster & Motley Inc. Sells 3,386 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Foster & Motley Inc. trimmed its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 25.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,826 shares of the company’s stock after selling 3,386 shares during the quarter. Foster & Motley Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FREL. Advisory Services Network LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 42.6% in the first quarter. Advisory Services Network LLC now owns 132,867 shares of the company’s stock valued at $3,467,000 after buying an additional 39,674 shares during the last quarter. PFG Advisors raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.2% in the first quarter. PFG Advisors now owns 9,177 shares of the company’s stock valued at $239,000 after buying an additional 775 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 5.9% in the first quarter. Avantax Advisory Services Inc. now owns 335,751 shares of the company’s stock valued at $8,760,000 after buying an additional 18,800 shares during the last quarter. Eagle Bay Advisors LLC increased its position in Fidelity MSCI Real Estate Index ETF by 5.2% in the first quarter. Eagle Bay Advisors LLC now owns 70,514 shares of the company’s stock worth $1,840,000 after purchasing an additional 3,480 shares during the period. Finally, Nwam LLC increased its position in Fidelity MSCI Real Estate Index ETF by 11.8% in the first quarter. Nwam LLC now owns 62,393 shares of the company’s stock worth $1,546,000 after purchasing an additional 6,563 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Up 1.2 %

Shares of FREL stock opened at $28.62 on Friday. The stock has a 50-day moving average price of $29.07 and a 200 day moving average price of $27.00. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $22.41 and a 12 month 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.