Fidelity MSCI Real Estate Index ETF $FREL Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,230 shares of the company’s stock after selling 166,950 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $23,158,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FREL. Larson Financial Group LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 5.9% during the fourth quarter. Larson Financial Group LLC now owns 18,318 shares of the company’s stock worth $493,000 after buying an additional 1,017 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 5.4% during the fourth quarter. Tortoise Investment Management LLC now owns 51,374 shares of the company’s stock worth $1,381,000 after buying an additional 2,620 shares during the period. HighTower Advisors LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 147,024 shares of the company’s stock worth $3,953,000 after buying an additional 1,944 shares during the period. Sapient Capital LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $407,000. Finally, Everstar Asset Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter worth $114,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.1%

FREL opened at $29.40 on Friday. Fidelity MSCI Real Estate Index ETF has a 52 week low of $26.24 and a 52 week high of $29.56. The business has a fifty day simple moving average of $28.30 and a 200-day simple moving average of $27.86. The firm has a market cap of $1.45 billion, a P/E ratio of 34.96 and a beta of 1.00.

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.