Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC lowered its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 33.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,231 shares of the company’s stock after selling 16,308 shares during the period. Tortoise Investment Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $859,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cordant Inc. acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $213,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 24.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 138,830 shares of the company’s stock valued at $3,700,000 after purchasing an additional 27,657 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 8.9% in the 4th quarter. Global Retirement Partners LLC now owns 17,436 shares of the company’s stock valued at $455,000 after purchasing an additional 1,418 shares in the last quarter. Balanced Wealth Group LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at about $683,000. Finally, Glass Jacobson Investment Advisors llc lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 16.0% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 36,712 shares of the company’s stock valued at $978,000 after purchasing an additional 5,052 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 0.0 %

Shares of NYSEARCA FREL traded down $0.01 during midday trading on Friday, hitting $25.32. The stock had a trading volume of 96,018 shares, compared to its average volume of 176,952. The company has a market capitalization of $939.37 million, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 1-year low of $21.24 and a 1-year high of $27.06. The company has a fifty day moving average price of $24.78 and a 200 day moving average price of $25.43.

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.