Elevated Capital Advisors LLC Reduces Stock Position in Fidelity MSCI Real Estate Index ETF $FREL

Elevated Capital Advisors LLC lowered its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 79.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,050 shares of the company’s stock after selling 31,255 shares during the period. Elevated Capital Advisors LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $217,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 5.4% in the 4th quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock valued at $218,000 after buying an additional 411 shares in the last quarter. Stone House Investment Management LLC increased its position in Fidelity MSCI Real Estate Index ETF by 33.0% during the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the last quarter. Clarity Asset Management Inc. raised its stake in Fidelity MSCI Real Estate Index ETF by 3.2% during the fourth quarter. Clarity Asset Management Inc. now owns 17,831 shares of the company’s stock worth $479,000 after purchasing an additional 559 shares during the period. Palisades Hudson Asset Management L.P. raised its stake in Fidelity MSCI Real Estate Index ETF by 0.9% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 62,157 shares of the company’s stock worth $1,671,000 after purchasing an additional 563 shares during the period. Finally, Integrated Capital Management Inc. boosted its holdings in Fidelity MSCI Real Estate Index ETF by 1.8% in the 4th quarter. Integrated Capital Management Inc. now owns 32,487 shares of the company’s stock valued at $874,000 after purchasing an additional 568 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Fidelity MSCI Real Estate Index ETF stock opened at $29.55 on Friday. The firm has a 50 day simple moving average of $29.33 and a 200-day simple moving average of $28.40. Fidelity MSCI Real Estate Index ETF has a 1-year low of $26.37 and a 1-year high of $30.13. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98.

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.