Northwestern Mutual Wealth Management Co. Has $19.45 Million Holdings in Fidelity MSCI Real Estate Index ETF $FREL

Northwestern Mutual Wealth Management Co. cut its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 13.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 655,559 shares of the company’s stock after selling 105,951 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $19,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AE Wealth Management LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after purchasing an additional 380,393 shares during the last quarter. Lido Advisors LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.3% in the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock valued at $37,121,000 after purchasing an additional 113,386 shares during the last quarter. Citizens & Northern Corp raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after purchasing an additional 264,741 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock valued at $26,889,000 after purchasing an additional 434,332 shares during the last quarter. Finally, Black Diamond Financial LLC raised its holdings in shares of Fidelity MSCI Real Estate Index ETF by 10.9% in the fourth quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock valued at $20,244,000 after purchasing an additional 74,069 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Up 0.3%

NYSEARCA FREL opened at $28.94 on Wednesday. The company has a market capitalization of $1.43 billion, a PE ratio of 34.96 and a beta of 1.00. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.19 and a 12-month high of $29.56. The firm’s 50 day moving average is $28.24 and its 200-day moving average is $27.82.

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.