Lido Advisors LLC Sells 178,779 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Lido Advisors LLC trimmed its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 13.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,158,618 shares of the company’s stock after selling 178,779 shares during the period. Lido Advisors LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $31,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after purchasing an additional 380,393 shares during the period. Truefg LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 3.8% in the 4th quarter. Truefg LLC now owns 665,978 shares of the company’s stock valued at $17,908,000 after buying an additional 24,540 shares during the last quarter. Citizens & Northern Corp raised its holdings in Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after acquiring an additional 264,741 shares during the period. Payne Capital Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 6.5% during the fourth quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after acquiring an additional 18,192 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $1,038,000.

Fidelity MSCI Real Estate Index ETF Trading Down 0.5%

Fidelity MSCI Real Estate Index ETF stock opened at $30.09 on Thursday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $30.72. The stock’s 50 day moving average is $29.46 and its 200-day moving average is $28.58.

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.