Rehmann Capital Advisory Group Trims Stake in Fidelity MSCI Real Estate Index ETF $FREL

Rehmann Capital Advisory Group decreased its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 80.0% during the second quarter, Holdings Channel.com reports. The firm owned 48,085 shares of the company’s stock after selling 192,105 shares during the period. Rehmann Capital Advisory Group’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. SHP Wealth Management acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $27,000. Compass Financial Management LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the second quarter worth about $43,000. Transamerica Financial Advisors LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 147.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock worth $49,000 after acquiring an additional 1,094 shares during the period. Fifth Third Bancorp boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 180.3% during the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock worth $51,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth about $80,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.1%

NYSEARCA:FREL opened at $29.23 on Wednesday. The stock has a market capitalization of $1.46 billion, a PE ratio of 34.96 and a beta of 0.97. Fidelity MSCI Real Estate Index ETF has a 52 week low of $26.37 and a 52 week high of $30.92. The stock’s 50-day moving average price is $29.87 and its 200-day moving average price is $29.06.

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.