Tortoise Investment Management LLC Decreases Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Tortoise Investment Management LLC cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,231 shares of the company’s stock after selling 16,308 shares during the quarter. Tortoise Investment Management LLC owned 0.08% of Fidelity MSCI Real Estate Index ETF worth $859,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $26,000. BOK Financial Private Wealth Inc. acquired a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $44,000. Fortitude Family Office LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at about $54,000. Principal Securities Inc. acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $64,000. Finally, Aspect Partners LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $176,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL stock traded down $0.01 on Friday, reaching $25.32. The company had a trading volume of 96,018 shares, compared to its average volume of 176,952. The company’s fifty day moving average is $24.78 and its 200 day moving average is $25.43. The company has a market cap of $939.37 million, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1 year low of $21.24 and a 1 year high of $27.06.

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.