Lido Advisors LLC Sells 178,779 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Lido Advisors LLC trimmed its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,158,618 shares of the company’s stock after selling 178,779 shares during the period. Lido Advisors LLC owned about 2.35% of Fidelity MSCI Real Estate Index ETF worth $31,178,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FREL. AE Wealth Management LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 30.8% during the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after purchasing an additional 380,393 shares in the last quarter. Citizens & Northern Corp boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after buying an additional 264,741 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 7.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 815,738 shares of the company’s stock worth $21,935,000 after buying an additional 54,228 shares in the last quarter. Black Diamond Financial LLC raised its position in Fidelity MSCI Real Estate Index ETF by 10.9% in the 4th quarter. Black Diamond Financial LLC now owns 752,837 shares of the company’s stock valued at $20,244,000 after buying an additional 74,069 shares during the last quarter. Finally, Truefg LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 3.8% in the 4th quarter. Truefg LLC now owns 665,978 shares of the company’s stock valued at $17,908,000 after acquiring an additional 24,540 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 0.5%

NYSEARCA:FREL opened at $30.09 on Thursday. The company has a market cap of $1.50 billion, a P/E ratio of 34.96 and a beta of 0.98. Fidelity MSCI Real Estate Index ETF has a twelve month low of $26.37 and a twelve month high of $30.72. The business has a 50 day moving average price of $29.46 and a two-hundred day moving average price of $28.58.

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.