Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Stock Position Cut by Merriman Wealth Management LLC

Merriman Wealth Management LLC lessened its stake in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 8.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 7,396 shares of the company’s stock after selling 696 shares during the quarter. Merriman Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FREL. Mission Wealth Management LP boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 2.2% during the 3rd quarter. Mission Wealth Management LP now owns 104,493 shares of the company’s stock valued at $2,915,000 after purchasing an additional 2,231 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at about $226,000. Harwood Advisory Group LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 6.2% during the 3rd quarter. Harwood Advisory Group LLC now owns 199,635 shares of the company’s stock valued at $5,570,000 after purchasing an additional 11,652 shares in the last quarter. Nwam LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 11.7% during the 3rd quarter. Nwam LLC now owns 12,800 shares of the company’s stock valued at $357,000 after purchasing an additional 1,339 shares in the last quarter. Finally, Canton Hathaway LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 52.0% during the 3rd quarter. Canton Hathaway LLC now owns 17,710 shares of the company’s stock valued at $494,000 after purchasing an additional 6,060 shares in the last quarter.

NYSEARCA:FREL opened at $28.28 on Friday. Fidelity MSCI Real Estate Index ETF has a twelve month low of $21.34 and a twelve month high of $28.30. The company has a 50-day moving average of $27.77 and a 200-day moving average of $26.75.

The firm also recently disclosed a — dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, September 23rd were given a dividend of $0.225 per share. The ex-dividend date was Friday, September 20th. This represents a dividend yield of 4.5%.

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Institutional Ownership by Quarter for Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

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