PNC Financial Services Group Inc. Sells 160,198 Shares of Fidelity MSCI Real Estate Index ETF $FREL

PNC Financial Services Group Inc. trimmed its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 701,032 shares of the company’s stock after selling 160,198 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.42% of Fidelity MSCI Real Estate Index ETF worth $18,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of FREL. Flagship Harbor Advisors LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $26,000. SHP Wealth Management bought a new stake in Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at about $27,000. Transamerica Financial Advisors LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 147.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after acquiring an additional 1,094 shares during the period. Fifth Third Bancorp lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 180.3% during the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after buying an additional 1,210 shares in the last quarter. Finally, Stone House Investment Management LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after acquiring an additional 550 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of NYSEARCA FREL opened at $30.59 on Friday. Fidelity MSCI Real Estate Index ETF has a fifty-two week low of $26.37 and a fifty-two week high of $30.72. The stock has a market cap of $1.53 billion, a PE ratio of 34.96 and a beta of 0.98. The stock has a fifty day moving average of $29.52 and a 200-day moving average of $28.62.

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.