UBS Group AG Sells 19,152 Shares of Fidelity MSCI Real Estate Index ETF $FREL

UBS Group AG lowered its stake in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,427 shares of the company’s stock after selling 19,152 shares during the quarter. UBS Group AG owned about 0.17% of Fidelity MSCI Real Estate Index ETF worth $2,190,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FREL. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 30.8% during the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after buying an additional 380,393 shares during the last quarter. Lido Advisors LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 9.3% during the third quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after buying an additional 113,386 shares during the last quarter. Citizens & Northern Corp lifted its holdings 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 last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 81.6% during the third quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after buying an additional 434,332 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 82.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock worth $21,178,000 after buying an additional 344,617 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Stock Down 0.2%

Shares of FREL stock opened at $29.46 on Thursday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $26.37 and a 12 month high of $29.67. The firm has a market cap of $1.46 billion, a PE ratio of 34.96 and a beta of 1.00. The stock has a 50 day moving average of $28.39 and a 200-day moving average of $27.92.

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.