Asset Management Group Inc. Sells 557 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Asset Management Group Inc. cut its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 0.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 71,983 shares of the company’s stock after selling 557 shares during the quarter. Asset Management Group Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FREL. Citizens & Northern Corp lifted its position in Fidelity MSCI Real Estate Index ETF by 16.9% in the second quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock valued at $19,373,000 after purchasing an additional 110,801 shares during the last quarter. AE Wealth Management LLC increased its position in shares of Fidelity MSCI Real Estate Index ETF by 29.4% in the second quarter. AE Wealth Management LLC now owns 625,027 shares of the company’s stock valued at $15,838,000 after acquiring an additional 141,975 shares during the period. Truefg LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 6.6% during the second quarter. Truefg LLC now owns 561,783 shares of the company’s stock valued at $14,236,000 after acquiring an additional 34,881 shares during the last quarter. Black Diamond Financial LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 31.0% in the 2nd quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock worth $11,010,000 after buying an additional 102,865 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 13.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 407,542 shares of the company’s stock worth $10,327,000 after acquiring an additional 47,741 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Down 0.3 %

Shares of NYSEARCA FREL opened at $29.37 on Friday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $21.24 and a 12 month high of $30.07. The firm has a fifty day simple moving average of $28.06 and a two-hundred day simple moving average of $26.16. The firm has a market capitalization of $1.09 billion, a PE 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.