Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Sold by Stone House Investment Management LLC

Stone House Investment Management LLC trimmed its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 42.1% during the third quarter, HoldingsChannel reports. The fund owned 2,035 shares of the company’s stock after selling 1,479 shares during the quarter. Stone House Investment Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $60,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Investmark Advisory Group LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 11.4% in the 1st quarter. Investmark Advisory Group LLC now owns 15,826 shares of the company’s stock valued at $413,000 after purchasing an additional 1,614 shares in the last quarter. Atria Investments Inc increased its holdings in Fidelity MSCI Real Estate Index ETF by 5.2% in the first quarter. Atria Investments Inc now owns 58,749 shares of the company’s stock valued at $1,533,000 after buying an additional 2,881 shares during the last quarter. Cetera Investment Advisers raised its stake in Fidelity MSCI Real Estate Index ETF by 79.3% during the first quarter. Cetera Investment Advisers now owns 60,352 shares of the company’s stock valued at $1,575,000 after buying an additional 26,687 shares in the last quarter. Cetera Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $260,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 1st quarter worth approximately $482,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL traded up $0.31 during trading on Wednesday, reaching $29.96. The stock had a trading volume of 38,309 shares, compared to its average volume of 176,759. The stock has a market cap of $1.11 billion, a PE ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a one year low of $23.61 and a one year high of $30.07. The firm’s 50 day moving average price is $28.99 and its two-hundred day moving average price is $27.45.

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.