Pure Financial Advisors LLC Has $13.25 Million Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Pure Financial Advisors LLC cut its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 449,545 shares of the company’s stock after selling 11,204 shares during the period. Pure Financial Advisors LLC owned approximately 1.21% of Fidelity MSCI Real Estate Index ETF worth $13,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FREL. Gradient Investments LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the second quarter worth approximately $40,000. CWM LLC boosted its position in Fidelity MSCI Real Estate Index ETF by 388.3% in the 2nd quarter. CWM LLC now owns 2,661 shares of the company’s stock valued at $67,000 after buying an additional 2,116 shares during the last quarter. Red Mountain Financial LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at $217,000. PFG Advisors increased its stake 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 during the period. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the third quarter worth $285,000.

Fidelity MSCI Real Estate Index ETF Stock Down 1.1 %

Shares of FREL stock opened at $28.20 on Friday. The firm has a market cap 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 12 month low of $22.41 and a 12 month high of $30.07. The stock has a 50-day moving average price of $29.07 and a 200 day moving average price 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.