Galvin Gaustad & Stein LLC Sells 117,670 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Galvin Gaustad & Stein LLC cut its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 90.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,902 shares of the company’s stock after selling 117,670 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of FREL. Asset Management Group Inc. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 0.6% in the 3rd quarter. Asset Management Group Inc. now owns 72,384 shares of the company’s stock worth $2,134,000 after acquiring an additional 401 shares in the last quarter. Lynch & Associates IN grew its stake in Fidelity MSCI Real Estate Index ETF by 3.9% during the 3rd quarter. Lynch & Associates IN now owns 11,504 shares of the company’s stock valued at $339,000 after purchasing an additional 433 shares during the last quarter. HF Advisory Group LLC grew its stake 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 purchasing an additional 437 shares during the last quarter. Opes Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 0.5% in the 3rd quarter. Opes Wealth Management LLC now owns 104,956 shares of the company’s stock valued at $3,094,000 after buying an additional 511 shares during the period. Finally, Essential Planning LLC. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 0.4% in the 3rd quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock valued at $3,729,000 after buying an additional 563 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Down 2.0 %

Shares of FREL stock opened at $27.14 on Thursday. The stock has a market cap of $1.01 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52-week low of $23.61 and a 52-week high of $30.07. The business has a 50-day simple moving average of $27.87 and a 200-day simple moving average of $28.15.

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.