Orion Portfolio Solutions LLC Has $1.71 Million Stock Position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Orion Portfolio Solutions LLC cut its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 5.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,875 shares of the company’s stock after selling 3,567 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $1,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of Fidelity MSCI Real Estate Index ETF by 2,144.6% during the third quarter. Larson Financial Group LLC now owns 1,257 shares of the company’s stock worth $37,000 after purchasing an additional 1,201 shares during the period. Gradient Investments LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at $40,000. CWM LLC raised its holdings in Fidelity MSCI Real Estate Index ETF by 388.3% during the second quarter. CWM LLC now owns 2,661 shares of the company’s stock worth $67,000 after buying an additional 2,116 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.7% in the third quarter. Brown Brothers Harriman & Co. now owns 2,853 shares of the company’s stock valued at $84,000 after buying an additional 1,701 shares in the last quarter. Finally, Red Mountain Financial LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the third quarter valued at about $217,000.

Fidelity MSCI Real Estate Index ETF Price Performance

NYSEARCA:FREL opened at $28.51 on Friday. Fidelity MSCI Real Estate Index ETF has a one year low of $23.61 and a one year high of $30.07. The company has a market cap of $1.06 billion, a PE ratio of 25.77 and a beta of 1.02. The firm has a 50-day moving average of $28.92 and a 200-day moving average of $27.74.

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.