Demars Financial Group LLC Sells 318,868 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Demars Financial Group LLC cut its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 97.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,942 shares of the company’s stock after selling 318,868 shares during the quarter. Demars Financial Group LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. AE Wealth Management LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 15.2% in the first quarter. AE Wealth Management LLC now owns 1,026,029 shares of the company’s stock valued at $28,185,000 after purchasing an additional 135,000 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Fidelity MSCI Real Estate Index ETF by 125.5% in the first quarter. Envestnet Asset Management Inc. now owns 887,449 shares of the company’s stock valued at $24,378,000 after purchasing an additional 493,841 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 2.3% in the first quarter. Commonwealth Equity Services LLC now owns 579,677 shares of the company’s stock valued at $15,924,000 after purchasing an additional 12,870 shares in the last quarter. Black Diamond Financial LLC grew its position in Fidelity MSCI Real Estate Index ETF by 7.0% during the first quarter. Black Diamond Financial LLC now owns 566,193 shares of the company’s stock worth $15,553,000 after buying an additional 36,999 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC grew its position in Fidelity MSCI Real Estate Index ETF by 3.9% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 467,376 shares of the company’s stock worth $12,638,000 after buying an additional 17,341 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 0.7%

Fidelity MSCI Real Estate Index ETF stock opened at $27.71 on Monday. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.35 and a 52 week high of $30.02. The business has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $27.13. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 34.96 and a beta of 0.91.

Fidelity MSCI Real Estate Index ETF Company 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.