PNC Financial Services Group Inc. Sells 166,950 Shares of Fidelity MSCI Real Estate Index ETF $FREL

PNC Financial Services Group Inc. decreased its position in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 16.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 861,230 shares of the company’s stock after selling 166,950 shares during the quarter. PNC Financial Services Group Inc. owned 1.73% of Fidelity MSCI Real Estate Index ETF worth $23,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 30.8% in the 4th quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after acquiring an additional 380,393 shares during the last quarter. Lido Advisors LLC increased its stake in Fidelity MSCI Real Estate Index ETF by 9.3% in the 3rd quarter. Lido Advisors LLC now owns 1,334,794 shares of the company’s stock worth $37,121,000 after acquiring an additional 113,386 shares during the last quarter. Citizens & Northern Corp boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the 4th quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after purchasing an additional 264,741 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 81.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 966,894 shares of the company’s stock worth $26,889,000 after purchasing an additional 434,332 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 82.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 761,510 shares of the company’s stock worth $21,178,000 after purchasing an additional 344,617 shares during the period.

Fidelity MSCI Real Estate Index ETF Stock Performance

Shares of Fidelity MSCI Real Estate Index ETF stock opened at $29.40 on Friday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 34.96 and a beta of 1.00. The stock has a 50 day moving average price of $28.30 and a 200-day moving average price of $27.86. Fidelity MSCI Real Estate Index ETF has a one year low of $26.24 and a one year high of $29.56.

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.