Physician Wealth Advisors Inc. Sells 4,543 Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Physician Wealth Advisors Inc. decreased its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 187,848 shares of the company’s stock after selling 4,543 shares during the period. Fidelity MSCI Real Estate Index ETF accounts for about 0.9% of Physician Wealth Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Physician Wealth Advisors Inc. owned about 0.51% of Fidelity MSCI Real Estate Index ETF worth $5,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FREL. Kestra Investment Management LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at $32,000. Larson Financial Group LLC raised its position in 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 valued at $37,000 after purchasing an additional 1,201 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Fidelity MSCI Real Estate Index ETF by 63.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,018 shares of the company’s stock valued at $55,000 after purchasing an additional 787 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 16.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,339 shares of the company’s stock worth $89,000 after buying an additional 479 shares during the period. Finally, Principal Securities Inc. grew its stake in Fidelity MSCI Real Estate Index ETF by 11.9% in the fourth quarter. Principal Securities Inc. now owns 4,954 shares of the company’s stock valued at $134,000 after purchasing an additional 527 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Price Performance

Shares of FREL stock opened at $27.20 on Friday. The company has a market cap of $996.88 million, a price-to-earnings ratio of 31.68 and a beta of 1.08. Fidelity MSCI Real Estate Index ETF has a 1-year low of $23.61 and a 1-year high of $30.07. The stock’s fifty day moving average price is $27.67 and its 200 day moving average price is $28.20.

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.