Rather & Kittrell Inc. Sells 1,405 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Rather & Kittrell Inc. cut its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 37,189 shares of the company’s stock after selling 1,405 shares during the quarter. Rather & Kittrell Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BOK Financial Private Wealth Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at approximately $44,000. Fortitude Family Office LLC bought a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at $54,000. Thompson Investment Management Inc. boosted its position in Fidelity MSCI Real Estate Index ETF by 184.5% during the 4th quarter. Thompson Investment Management Inc. now owns 7,838 shares of the company’s stock valued at $209,000 after buying an additional 5,083 shares during the period. Fingerlakes Wealth Management Inc. bought a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth $213,000. Finally, Cordant Inc. bought a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter worth $213,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.0 %

Shares of NYSEARCA:FREL traded up $0.01 during midday trading on Friday, hitting $24.17. 158,109 shares of the stock traded hands, compared to its average volume of 186,358. The business’s 50 day moving average is $25.34 and its two-hundred day moving average is $24.90. The stock has a market capitalization of $896.71 million, a PE ratio of 26.44 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a one year low of $21.24 and a one year high of $27.06.

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.