Pure Financial Advisors LLC Cuts Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Pure Financial Advisors LLC decreased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 436,684 shares of the company’s stock after selling 12,861 shares during the quarter. Pure Financial Advisors LLC owned 1.18% of Fidelity MSCI Real Estate Index ETF worth $11,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FREL. Larson Financial Group LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% during the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after acquiring an additional 1,201 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Fidelity MSCI Real Estate Index ETF by 147.7% during the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock worth $84,000 after acquiring an additional 1,701 shares during the period. CWM LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 62.9% during the third quarter. CWM LLC now owns 4,336 shares of the company’s stock worth $128,000 after acquiring an additional 1,675 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth $206,000. Finally, Red Mountain Financial LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth $217,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Fidelity MSCI Real Estate Index ETF stock opened at $27.19 on Tuesday. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.61 and a twelve month high of $30.07. The stock’s fifty day simple moving average is $27.92 and its 200-day simple moving average is $28.14. The firm has a market capitalization of $1.01 billion, a P/E 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.