Cedar Wealth Management LLC Cuts Holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)

Cedar Wealth Management LLC reduced its position in shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 96.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,031 shares of the company’s stock after selling 32,291 shares during the quarter. Cedar Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Diversify Advisory Services LLC purchased a new stake in Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $3,348,000. Diversify Wealth Management LLC acquired a new position in Fidelity MSCI Real Estate Index ETF in the 2nd quarter valued at $3,177,000. Citizens & Northern Corp raised its stake in Fidelity MSCI Real Estate Index ETF by 16.9% in the 2nd quarter. Citizens & Northern Corp now owns 764,513 shares of the company’s stock valued at $19,373,000 after purchasing an additional 110,801 shares during the last quarter. Black Diamond Financial LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 31.0% in the 2nd quarter. Black Diamond Financial LLC now owns 434,473 shares of the company’s stock valued at $11,010,000 after purchasing an additional 102,865 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $2,293,000.

Fidelity MSCI Real Estate Index ETF Price Performance

FREL opened at $29.68 on Friday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.77 and a beta of 1.02. The company’s 50 day simple moving average is $28.00 and its two-hundred day simple moving average is $26.14. Fidelity MSCI Real Estate Index ETF has a 1-year low of $21.24 and a 1-year high of $30.07.

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.