Brookstone Capital Management Trims Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Brookstone Capital Management lessened its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,818 shares of the company’s stock after selling 1,812 shares during the quarter. Brookstone Capital Management owned 0.06% of Fidelity MSCI Real Estate Index ETF worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FREL. Northwest Financial Advisors purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $26,000. BOK Financial Private Wealth Inc. purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $44,000. Fortitude Family Office LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $54,000. Principal Securities Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $64,000. Finally, Aspect Partners LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter worth about $176,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.8 %

NYSEARCA FREL opened at $25.34 on Monday. The firm has a market cap of $940.11 million, a price-to-earnings ratio of 25.77 and a beta of 1.02. The business has a 50-day moving average price of $24.91 and a 200-day moving average price of $25.44. Fidelity MSCI Real Estate Index ETF has a twelve month low of $21.24 and a twelve month high of $27.06.

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.