Modera Wealth Management LLC Cuts Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Modera Wealth Management LLC trimmed its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,533 shares of the company’s stock after selling 2,148 shares during the period. Modera Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $312,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $322,000. Townsquare Capital LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 7.4% in the third quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock valued at $370,000 after purchasing an additional 869 shares in the last quarter. Principal Securities Inc. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 11.9% in the fourth quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after purchasing an additional 527 shares in the last quarter. Essential Planning LLC. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 0.4% in the third quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock valued at $3,729,000 after purchasing an additional 563 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 36.1% in the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 11,131 shares of the company’s stock valued at $301,000 after purchasing an additional 2,955 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 1.2 %

Shares of FREL opened at $28.25 on Wednesday. The stock has a 50 day moving average price of $27.39 and a 200 day moving average price of $28.33. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 33.99 and a beta of 1.07. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.61 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.