Physician Wealth Advisors Inc. Sells 18,338 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Physician Wealth Advisors Inc. cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 8.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,391 shares of the company’s stock after selling 18,338 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for approximately 1.0% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 27th biggest holding. Physician Wealth Advisors Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $5,624,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. RFG Advisory LLC increased its position in Fidelity MSCI Real Estate Index ETF by 1.9% in the 1st quarter. RFG Advisory LLC now owns 108,353 shares of the company’s stock worth $2,827,000 after buying an additional 2,065 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 1.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 197,737 shares of the company’s stock worth $5,159,000 after acquiring an additional 3,570 shares during the last quarter. Schoolcraft Capital LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 1.1% during the 1st quarter. Schoolcraft Capital LLC now owns 115,387 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,256 shares during the last quarter. Disciplined Investments LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 8.9% in the 1st quarter. Disciplined Investments LLC now owns 12,699 shares of the company’s stock valued at $331,000 after purchasing an additional 1,036 shares during the period. Finally, Atlas Capital Advisors LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF by 36.2% in the 1st quarter. Atlas Capital Advisors LLC now owns 15,411 shares of the company’s stock valued at $402,000 after purchasing an additional 4,100 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

NYSEARCA:FREL opened at $29.52 on Thursday. The firm’s 50-day moving average is $28.78 and its 200-day moving average is $26.56. The company has a market cap of $1.10 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 $21.24 and a 52-week high of $30.07.

Fidelity MSCI Real Estate Index ETF Company 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.