Fidelity MSCI Real Estate Index ETF $FREL Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group decreased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 80.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,085 shares of the company’s stock after selling 192,105 shares during the period. Rehmann Capital Advisory Group owned approximately 0.10% of Fidelity MSCI Real Estate Index ETF worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FREL. Bank of America Corp DE increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 25,321.8% in the first quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock valued at $276,329,000 after purchasing an additional 10,228,250 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 7.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after purchasing an additional 54,228 shares during the period. Black Diamond Financial LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 10.9% in the fourth quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock valued at $20,244,000 after buying an additional 74,069 shares during the last quarter. Truefg LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 2.8% in the 2nd quarter. Truefg LLC now owns 603,416 shares of the company’s stock worth $16,316,000 after buying an additional 16,317 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 5.7% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock worth $14,958,000 after buying an additional 30,075 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 0.1%

FREL opened at $29.23 on Wednesday. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.37 and a 12-month high of $30.92. The firm has a 50 day moving average of $29.87 and a two-hundred day moving average of $29.06. The firm has a market capitalization of $1.46 billion, a PE ratio of 34.96 and a beta of 0.97.

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.