Mission Wealth Management LP Reduces Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Mission Wealth Management LP trimmed its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,806 shares of the company’s stock after selling 3,010 shares during the period. Mission Wealth Management LP’s holdings in Fidelity MSCI Real Estate Index ETF were worth $427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management Group Inc. lifted its position in Fidelity MSCI Real Estate Index ETF by 0.6% during the 3rd quarter. Asset Management Group Inc. now owns 72,384 shares of the company’s stock valued at $2,134,000 after acquiring an additional 401 shares during the period. HF Advisory Group LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 1.2% during the 3rd quarter. HF Advisory Group LLC now owns 38,117 shares of the company’s stock valued at $1,124,000 after acquiring an additional 437 shares during the period. Smartleaf Asset Management LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 16.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock valued at $89,000 after acquiring an additional 479 shares during the period. Principal Securities Inc. lifted its position in Fidelity MSCI Real Estate Index ETF by 11.9% during the 4th quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after acquiring an additional 527 shares during the period. Finally, Fingerlakes Wealth Management Inc. lifted its position in Fidelity MSCI Real Estate Index ETF by 3.9% during the 4th quarter. Fingerlakes Wealth Management Inc. now owns 14,927 shares of the company’s stock valued at $403,000 after acquiring an additional 562 shares during the period.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL opened at $28.54 on Thursday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $23.61 and a 1 year high of $30.07. The stock has a market cap of $1.04 billion, a P/E ratio of 33.99 and a beta of 1.07. The firm has a 50-day moving average of $27.42 and a 200 day moving average of $28.33.

Fidelity MSCI Real Estate Index ETF Company 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.