Demars Financial Group LLC Cuts Stock Position in Fidelity MSCI Real Estate Index ETF $FREL

Demars Financial Group LLC reduced its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 97.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,942 shares of the company’s stock after selling 318,868 shares during the quarter. Demars Financial Group LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 15.2% in the 1st quarter. AE Wealth Management LLC now owns 1,026,029 shares of the company’s stock worth $28,185,000 after purchasing an additional 135,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 125.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 887,449 shares of the company’s stock valued at $24,378,000 after acquiring an additional 493,841 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 2.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 579,677 shares of the company’s stock valued at $15,924,000 after acquiring an additional 12,870 shares during the last quarter. Black Diamond Financial LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.0% in the 1st quarter. Black Diamond Financial LLC now owns 566,193 shares of the company’s stock valued at $15,553,000 after acquiring an additional 36,999 shares during the last quarter. Finally, Riverpoint Wealth Management Holdings LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 3.9% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 467,376 shares of the company’s stock valued at $12,638,000 after acquiring an additional 17,341 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Trading Up 0.7%

NYSEARCA FREL opened at $27.71 on Monday. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.35 and a 1-year high of $30.02. The stock has a 50-day moving average of $27.62 and a 200-day moving average of $27.13. The firm has a market cap of $1.08 billion, a PE ratio of 34.96 and a beta of 0.91.

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.