Rather & Kittrell Inc. Sells 1,405 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Rather & Kittrell Inc. decreased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,189 shares of the company’s stock after selling 1,405 shares during the quarter. Rather & Kittrell Inc. owned 0.09% of Fidelity MSCI Real Estate Index ETF worth $991,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Birchcreek Wealth Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 17.2% in the 3rd quarter. Birchcreek Wealth Management LLC now owns 26,839 shares of the company’s stock valued at $611,000 after acquiring an additional 3,934 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 8.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 111,173 shares of the company’s stock valued at $2,529,000 after purchasing an additional 8,257 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 7.2% in the third quarter. J.W. Cole Advisors Inc. now owns 21,848 shares of the company’s stock worth $497,000 after purchasing an additional 1,458 shares in the last quarter. Cedar Wealth Management LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 18.1% during the third quarter. Cedar Wealth Management LLC now owns 37,143 shares of the company’s stock worth $845,000 after purchasing an additional 5,691 shares during the last quarter. Finally, Marks Group Wealth Management Inc bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $1,837,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL stock traded up $0.01 during midday trading on Friday, hitting $24.17. The company’s stock had a trading volume of 158,109 shares, compared to its average volume of 186,358. The company’s fifty day moving average price is $25.34 and its 200 day moving average price is $24.90. Fidelity MSCI Real Estate Index ETF has a twelve month low of $21.24 and a twelve month high of $27.06. The stock has a market capitalization of $896.71 million, a P/E ratio of 26.44 and a beta of 1.02.

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.