Independent Solutions Wealth Management LLC Sells 7,925 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Independent Solutions Wealth Management LLC decreased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 145,331 shares of the company’s stock after selling 7,925 shares during the quarter. Fidelity MSCI Real Estate Index ETF comprises 1.0% of Independent Solutions Wealth Management LLC’s portfolio, making the stock its 26th biggest holding. Independent Solutions Wealth Management LLC owned about 0.39% of Fidelity MSCI Real Estate Index ETF worth $4,284,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Larson Financial Group LLC lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after acquiring an additional 1,201 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake 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 worth $84,000 after purchasing an additional 1,701 shares during the period. CWM LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 62.9% during the third quarter. CWM LLC now owns 4,336 shares of the company’s stock worth $128,000 after purchasing an additional 1,675 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth about $206,000. Finally, Red Mountain Financial LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF in the third quarter worth about $217,000.

Fidelity MSCI Real Estate Index ETF Stock Down 0.2 %

NYSEARCA:FREL traded down $0.06 during midday trading on Thursday, hitting $26.95. The stock had a trading volume of 140,610 shares, compared to its average volume of 175,594. The stock has a 50-day moving average of $28.87 and a 200 day moving average of $27.85. The company has a market capitalization of $999.85 million, a price-to-earnings ratio of 25.77 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a one year low of $23.61 and a one year high of $30.07.

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.