JPMorgan Chase & Co. Sells 4,341 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

JPMorgan Chase & Co. cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,904 shares of the company’s stock after selling 4,341 shares during the period. JPMorgan Chase & Co.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Black Diamond Financial LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 10.9% in the 3rd quarter. Black Diamond Financial LLC now owns 481,947 shares of the company’s stock valued at $14,253,000 after buying an additional 47,474 shares during the period. Riverpoint Wealth Management Holdings LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 4.8% during the third quarter. Riverpoint Wealth Management Holdings LLC now owns 427,240 shares of the company’s stock worth $12,595,000 after purchasing an additional 19,698 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 10.3% during the second quarter. Envestnet Asset Management Inc. now owns 305,221 shares of the company’s stock worth $7,734,000 after purchasing an additional 28,552 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 1.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 224,225 shares of the company’s stock worth $6,610,000 after purchasing an additional 3,097 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 25.0% in the third quarter. Diversify Wealth Management LLC now owns 148,275 shares of the company’s stock valued at $4,330,000 after buying an additional 29,610 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Performance

FREL opened at $27.39 on Friday. The company has a fifty day moving average of $27.87 and a two-hundred day moving average of $28.15. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $23.61 and a fifty-two week high of $30.07. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02.

About Fidelity MSCI Real Estate Index ETF

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.