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

Pathway Financial Advisers LLC trimmed its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 39.6% during the third quarter, according to its most recent 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 quarter.

A number of other hedge funds have also recently modified their holdings of FREL. J.W. Cole Advisors Inc. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 17.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 21,809 shares of the company’s stock valued at $569,000 after buying an additional 3,166 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the 1st quarter worth $3,348,000. Life Planning Partners Inc grew its position in Fidelity MSCI Real Estate Index ETF by 7.3% during the 1st quarter. Life Planning Partners Inc now owns 42,386 shares of the company’s stock worth $1,106,000 after purchasing an additional 2,875 shares during the last quarter. Forte Asset Management LLC grew its position in Fidelity MSCI Real Estate Index ETF by 11.3% during the 1st quarter. Forte Asset Management LLC now owns 69,405 shares of the company’s stock worth $1,811,000 after purchasing an additional 7,033 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Fidelity MSCI Real Estate Index ETF by 42.6% during the 1st quarter. Advisory Services Network LLC now owns 132,867 shares of the company’s stock worth $3,467,000 after purchasing an additional 39,674 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $28.98 on Thursday. Fidelity MSCI Real Estate Index ETF has a 1 year low of $21.53 and a 1 year high of $30.07. The company has a market capitalization of $1.08 billion, a P/E ratio of 25.77 and a beta of 1.02. The company’s fifty day moving average is $29.05 and its two-hundred day moving average is $26.82.

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.