Northwestern Mutual Wealth Management Co. Sells 105,951 Shares of Fidelity MSCI Real Estate Index ETF $FREL

Northwestern Mutual Wealth Management Co. lowered its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 655,559 shares of the company’s stock after selling 105,951 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.32% of Fidelity MSCI Real Estate Index ETF worth $19,452,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FREL. Flagship Harbor Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the fourth quarter valued at approximately $26,000. Atlantic Union Bankshares Corp lifted its stake in Fidelity MSCI Real Estate Index ETF by 81.7% in the third quarter. Atlantic Union Bankshares Corp now owns 1,817 shares of the company’s stock valued at $51,000 after buying an additional 817 shares in the last quarter. Stone House Investment Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 33.0% in the fourth quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock valued at $60,000 after buying an additional 550 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $139,000. Finally, Cornerstone Financial Group LLC NE bought a new position in Fidelity MSCI Real Estate Index ETF in the third quarter valued at approximately $204,000.

Fidelity MSCI Real Estate Index ETF Stock Up 0.3%

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

Fidelity MSCI Real Estate Index ETF Company 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.