Tufton Capital Management Has $613,000 Stock Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Tufton Capital Management decreased its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 5.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,019 shares of the company’s stock after selling 1,231 shares during the period. Tufton Capital Management’s holdings in Fidelity MSCI Real Estate Index ETF were worth $613,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FREL. HF Advisory Group LLC grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 10.5% during the fourth quarter. HF Advisory Group LLC now owns 28,635 shares of the company’s stock worth $763,000 after buying an additional 2,728 shares in the last quarter. Keel Point LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 59.7% in the fourth quarter. Keel Point LLC now owns 19,986 shares of the company’s stock valued at $533,000 after purchasing an additional 7,473 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $44,000. Lodestar Private Asset Management LLC grew its stake in Fidelity MSCI Real Estate Index ETF by 4.8% in the fourth quarter. Lodestar Private Asset Management LLC now owns 57,524 shares of the company’s stock valued at $1,533,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Fingerlakes Wealth Management Inc. bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $213,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL stock traded up $0.05 during mid-day trading on Thursday, reaching $23.76. The company had a trading volume of 48,471 shares, compared to its average volume of 189,148. The stock has a 50 day simple moving average of $25.52 and a two-hundred day simple moving average of $24.83. The company has a market capitalization of $881.50 million, a price-to-earnings ratio of 26.44 and a beta of 1.02. Fidelity MSCI Real Estate Index ETF has a 52 week low of $21.24 and a 52 week high of $27.06.

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.