Pure Financial Advisors LLC Lowers Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Pure Financial Advisors LLC trimmed its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 449,545 shares of the company’s stock after selling 11,204 shares during the quarter. Pure Financial Advisors LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $13,253,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gradient Investments LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the 2nd quarter worth $40,000. CWM LLC raised 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 worth $67,000 after purchasing an additional 2,116 shares in the last quarter. Red Mountain Financial LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at about $217,000. PFG Advisors boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.2% in the 1st quarter. PFG Advisors now owns 9,177 shares of the company’s stock valued at $239,000 after buying an additional 775 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth approximately $285,000.

Fidelity MSCI Real Estate Index ETF Stock Down 1.1 %

NYSEARCA:FREL opened at $28.20 on Friday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52 week low of $22.41 and a 52 week high of $30.07. The firm has a 50 day moving average of $29.07 and a 200 day moving average of $26.89.

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.