Smith Salley Wealth Management Sells 766 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Smith Salley Wealth Management trimmed its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,470 shares of the company’s stock after selling 766 shares during the period. Smith Salley Wealth Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $445,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in Fidelity MSCI Real Estate Index ETF by 2,144.6% in the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock valued at $37,000 after acquiring an additional 1,201 shares during the period. Brown Brothers Harriman & Co. grew its position in Fidelity MSCI Real Estate Index ETF by 147.7% in the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after acquiring an additional 1,701 shares during the period. CWM LLC grew its position in Fidelity MSCI Real Estate Index ETF by 62.9% in the third quarter. CWM LLC now owns 4,336 shares of the company’s stock valued at $128,000 after acquiring an additional 1,675 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Fidelity MSCI Real Estate Index ETF in the third quarter worth $206,000. Finally, Red Mountain Financial LLC acquired a new position in Fidelity MSCI Real Estate Index ETF in the third quarter worth $217,000.

Fidelity MSCI Real Estate Index ETF Stock Performance

Fidelity MSCI Real Estate Index ETF stock opened at $27.19 on Monday. The firm has a market cap of $1.01 billion, a P/E ratio of 25.77 and a beta of 1.02. The business’s fifty day moving average is $27.95 and its two-hundred day moving average is $28.13. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.61 and a 52 week high of $30.07.

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.