Park Avenue Securities LLC Sells 29,557 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Park Avenue Securities LLC trimmed its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 78.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,129 shares of the company’s stock after selling 29,557 shares during the quarter. Park Avenue Securities LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in FREL. Foster & Motley Inc. lifted its stake in Fidelity MSCI Real Estate Index ETF by 5.6% in the first quarter. Foster & Motley Inc. now owns 8,869 shares of the company’s stock valued at $244,000 after buying an additional 470 shares during the period. Modern Wealth Management LLC grew its position in shares of Fidelity MSCI Real Estate Index ETF by 3.8% during the 1st quarter. Modern Wealth Management LLC now owns 21,605 shares of the company’s stock worth $593,000 after buying an additional 790 shares during the period. Lynch & Associates IN increased its stake in shares of Fidelity MSCI Real Estate Index ETF by 7.4% in the 1st quarter. Lynch & Associates IN now owns 12,147 shares of the company’s stock valued at $334,000 after acquiring an additional 835 shares in the last quarter. Marks Group Wealth Management Inc lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 1.6% during the 1st quarter. Marks Group Wealth Management Inc now owns 61,478 shares of the company’s stock valued at $1,689,000 after acquiring an additional 989 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 2.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 41,427 shares of the company’s stock valued at $1,120,000 after acquiring an additional 1,177 shares during the period.

Fidelity MSCI Real Estate Index ETF Trading Up 0.1%

NYSEARCA:FREL opened at $27.83 on Thursday. Fidelity MSCI Real Estate Index ETF has a 12 month low of $23.35 and a 12 month high of $30.02. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 34.96 and a beta of 0.91. The firm has a fifty day simple moving average of $27.61 and a two-hundred day simple moving average of $27.13.

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.