PNC Financial Services Group Inc. Sells 160,198 Shares of Fidelity MSCI Real Estate Index ETF $FREL

PNC Financial Services Group Inc. decreased its holdings in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 18.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 701,032 shares of the company’s stock after selling 160,198 shares during the period. PNC Financial Services Group Inc.’s holdings in Fidelity MSCI Real Estate Index ETF were worth $18,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AE Wealth Management LLC lifted its position in 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 valued at $43,417,000 after purchasing an additional 380,393 shares during the last quarter. Truefg LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 3.8% in the 4th quarter. Truefg LLC now owns 665,978 shares of the company’s stock worth $17,908,000 after buying an additional 24,540 shares during the last quarter. Payne Capital Management LLC increased its holdings in shares of Fidelity MSCI Real Estate Index ETF by 6.5% in the 4th quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after buying an additional 18,192 shares during the last quarter. Citizens & Northern Corp raised its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% during the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after buying an additional 264,741 shares in the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $1,038,000.

Fidelity MSCI Real Estate Index ETF Stock Up 2.1%

Shares of FREL stock opened at $30.59 on Friday. The firm has a market cap of $1.53 billion, a P/E ratio of 34.96 and a beta of 0.98. The business has a 50-day moving average price of $29.52 and a two-hundred day moving average price of $28.62. Fidelity MSCI Real Estate Index ETF has a 12-month low of $26.37 and a 12-month high of $30.72.

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.