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

Mission Wealth Management LP cut its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,806 shares of the company’s stock after selling 3,010 shares during the quarter. 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 hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth about $32,000. Larson Financial Group LLC raised its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after acquiring an additional 1,201 shares during the period. Capital Investment Advisory Services LLC raised its position in Fidelity MSCI Real Estate Index ETF by 63.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock worth $55,000 after acquiring an additional 787 shares during the period. Brown Brothers Harriman & Co. raised its position in Fidelity MSCI Real Estate Index ETF by 147.7% in the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after acquiring an additional 1,701 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Fidelity MSCI Real Estate Index ETF by 16.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock worth $89,000 after acquiring an additional 479 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of FREL stock opened at $28.54 on Thursday. The firm has a market cap of $1.04 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. The firm’s 50-day simple moving average is $27.42 and its two-hundred day simple moving average is $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.