Eagle Bay Advisors LLC Sells 14,655 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Eagle Bay Advisors LLC decreased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,018 shares of the company’s stock after selling 14,655 shares during the period. Fidelity MSCI Real Estate Index ETF comprises 0.9% of Eagle Bay Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Eagle Bay Advisors LLC owned about 0.14% of Fidelity MSCI Real Estate Index ETF worth $1,406,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FREL. Larson Financial Group LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 2,144.6% during the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,201 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Fidelity MSCI Real Estate Index ETF by 147.7% during 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 stake in 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 period. Wilmington Savings Fund Society FSB bought a new position in Fidelity MSCI Real Estate Index ETF during 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 valued at approximately $217,000.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of NYSEARCA:FREL traded down $0.08 during trading on Monday, reaching $25.90. The stock had a trading volume of 105,694 shares, compared to its average volume of 218,833. Fidelity MSCI Real Estate Index ETF has a 52 week low of $23.61 and a 52 week high of $30.07. The business’s 50-day moving average price is $28.14 and its 200 day moving average price is $28.07. The stock has a market capitalization of $960.89 million, a PE ratio of 25.77 and a beta of 1.02.

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.