Balanced Wealth Group LLC Decreases Stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Balanced Wealth Group LLC trimmed its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,897 shares of the company’s stock after selling 999 shares during the period. Balanced Wealth Group LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $624,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FREL. Gradient Investments LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at approximately $40,000. Principal Securities Inc. purchased a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth about $64,000. CWM LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 388.3% during the 2nd quarter. CWM LLC now owns 2,661 shares of the company’s stock worth $67,000 after acquiring an additional 2,116 shares in the last quarter. Aspect Partners LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth about $176,000. Finally, Red Mountain Financial LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the fourth quarter worth approximately $214,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.3 %

Shares of FREL opened at $29.37 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52-week low of $21.24 and a 52-week high of $30.07. The stock has a 50 day moving average price of $28.06 and a 200 day moving average price of $26.16.

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.