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

Venturi Wealth Management LLC decreased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,297 shares of the company’s stock after selling 1,139 shares during the period. Venturi Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $421,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FREL. Gradient Investments LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter worth approximately $40,000. CWM LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 388.3% in the second quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after purchasing an additional 2,116 shares during the last quarter. Red Mountain Financial LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter valued at $217,000. Cetera Advisors LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth $260,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter worth about $281,000.

Fidelity MSCI Real Estate Index ETF Trading Down 1.3 %

Shares of FREL opened at $28.50 on Wednesday. The company has a 50-day moving average of $29.08 and a two-hundred day moving average of $27.14. The stock has a market cap of $1.06 billion, a P/E ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 12-month low of $22.41 and a 12-month high of $30.07.

Fidelity MSCI Real Estate Index ETF Profile

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.