HighTower Advisors LLC Has $4.01 Million Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

HighTower Advisors LLC lowered its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 135,885 shares of the company’s stock after selling 847 shares during the quarter. HighTower Advisors LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $4,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Asset Management Group Inc. grew its holdings in Fidelity MSCI Real Estate Index ETF by 0.6% during the 3rd quarter. Asset Management Group Inc. now owns 72,384 shares of the company’s stock worth $2,134,000 after acquiring an additional 401 shares during the period. Lynch & Associates IN boosted its stake in Fidelity MSCI Real Estate Index ETF by 3.9% in the 3rd quarter. Lynch & Associates IN now owns 11,504 shares of the company’s stock worth $339,000 after purchasing an additional 433 shares during the period. HF Advisory Group LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 38,117 shares of the company’s stock worth $1,124,000 after purchasing an additional 437 shares during the period. Palisades Hudson Asset Management L.P. boosted its stake in Fidelity MSCI Real Estate Index ETF by 0.8% in the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 56,951 shares of the company’s stock worth $1,443,000 after purchasing an additional 479 shares during the period. Finally, Opes Wealth Management LLC boosted its stake in Fidelity MSCI Real Estate Index ETF by 0.5% in the 3rd quarter. Opes Wealth Management LLC now owns 104,956 shares of the company’s stock worth $3,094,000 after purchasing an additional 511 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 0.3 %

Shares of NYSEARCA FREL opened at $28.54 on Thursday. The firm has a market cap of $1.06 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.61 and a 1-year high of $30.07. The company has a fifty day moving average price of $28.93 and a 200 day moving average price of $27.73.

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.