BCS Wealth Management Reduces Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

BCS Wealth Management cut its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 21.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,595 shares of the company’s stock after selling 3,428 shares during the period. BCS Wealth Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the first quarter valued at about $1,035,000. First National Corp MA ADV increased its holdings in Fidelity MSCI Real Estate Index ETF by 12.2% in the first quarter. First National Corp MA ADV now owns 62,289 shares of the company’s stock valued at $1,711,000 after buying an additional 6,759 shares in the last quarter. HF Advisory Group LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 9.1% in the first quarter. HF Advisory Group LLC now owns 44,835 shares of the company’s stock valued at $1,232,000 after buying an additional 3,754 shares in the last quarter. RFG Advisory LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 5.5% in the first quarter. RFG Advisory LLC now owns 135,723 shares of the company’s stock valued at $3,728,000 after buying an additional 7,022 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the first quarter valued at approximately $210,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL stock opened at $27.23 on Monday. The company’s 50 day simple moving average is $26.48 and its 200-day simple moving average is $27.29. The firm has a market capitalization of $1.06 billion, a PE ratio of 32.37 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.35 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.