Marks Group Wealth Management Inc Trims Stock Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Marks Group Wealth Management Inc lowered its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,489 shares of the company’s stock after selling 7,835 shares during the period. Marks Group Wealth Management Inc’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,634,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Townsquare Capital LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 7.4% during the third quarter. Townsquare Capital LLC now owns 12,554 shares of the company’s stock valued at $370,000 after acquiring an additional 869 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $322,000. Essential Planning LLC. increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 0.4% in the third quarter. Essential Planning LLC. now owns 126,512 shares of the company’s stock worth $3,729,000 after purchasing an additional 563 shares during the period. RFG Advisory LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 2.7% in the third quarter. RFG Advisory LLC now owns 128,865 shares of the company’s stock worth $3,799,000 after buying an additional 3,339 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth $309,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.9 %

Fidelity MSCI Real Estate Index ETF stock opened at $27.62 on Thursday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The business has a 50-day simple moving average of $27.41 and a 200 day simple moving average of $28.26. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.61 and a 52 week high of $30.07.

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.