Fidelity MSCI Real Estate Index ETF $FREL Stock Holdings Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 40.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 532,562 shares of the company’s stock after selling 354,887 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $14,400,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FREL. Cetera Investment Advisers lifted its holdings in Fidelity MSCI Real Estate Index ETF by 1,220.0% in the first quarter. Cetera Investment Advisers now owns 192,178 shares of the company’s stock worth $5,279,000 after acquiring an additional 177,619 shares during the last quarter. AGF Management Ltd. raised its position in shares of Fidelity MSCI Real Estate Index ETF by 110.7% during the 1st quarter. AGF Management Ltd. now owns 298,678 shares of the company’s stock worth $8,205,000 after purchasing an additional 156,924 shares during the period. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 15.2% in the 1st quarter. AE Wealth Management LLC now owns 1,026,029 shares of the company’s stock worth $28,185,000 after purchasing an additional 135,000 shares during the last quarter. Heck Capital Advisors LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 131.5% during the 1st quarter. Heck Capital Advisors LLC now owns 209,065 shares of the company’s stock valued at $5,743,000 after purchasing an additional 118,757 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in Fidelity MSCI Real Estate Index ETF by 14.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 413,873 shares of the company’s stock valued at $11,369,000 after purchasing an additional 52,504 shares during the period.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA FREL opened at $26.95 on Friday. The firm has a market capitalization of $1.05 billion, a PE ratio of 34.96 and a beta of 1.03. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.35 and a 1-year high of $30.02. The business’s fifty day moving average price is $27.63 and its two-hundred day moving average price is $27.31.

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.