Pathway Financial Advisers LLC Reduces Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Pathway Financial Advisers LLC cut its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 39.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,069 shares of the company’s stock after selling 7,247 shares during the period. Pathway Financial Advisers LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $326,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FREL. Gradient Investments LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the second quarter valued at $40,000. CWM LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 388.3% in the second quarter. CWM LLC now owns 2,661 shares of the company’s stock worth $67,000 after purchasing an additional 2,116 shares during the last quarter. Red Mountain Financial LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the third quarter worth about $217,000. PFG Advisors boosted its position in 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 worth $239,000 after purchasing an additional 775 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new position in Fidelity MSCI Real Estate Index ETF in the first quarter worth about $260,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA:FREL opened at $29.00 on Friday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The stock’s 50-day simple moving average is $29.01 and its two-hundred day simple moving average is $26.74. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-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.