Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Brookstone Capital Management

Brookstone Capital Management lowered its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,661 shares of the company’s stock after selling 3,157 shares during the quarter. Brookstone Capital Management owned about 0.05% of Fidelity MSCI Real Estate Index ETF worth $506,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FREL. Northwest Financial Advisors purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at approximately $26,000. Principal Securities Inc. purchased a new position in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $64,000. CWM LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 388.3% in the 2nd quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares during the period. Aspect Partners LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $176,000. Finally, Red Mountain Financial LLC purchased a new position in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $214,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.8 %

Shares of NYSEARCA:FREL opened at $27.82 on Tuesday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $21.24 and a fifty-two week high of $27.85. The firm’s 50-day simple moving average is $26.31 and its 200-day simple moving average is $25.58. The company has a market cap of $1.03 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.