Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Shares Acquired by Cedar Wealth Management LLC

Cedar Wealth Management LLC boosted its holdings in Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) by 1,606.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,594 shares of the company’s stock after purchasing an additional 16,563 shares during the quarter. Cedar Wealth Management LLC’s holdings in Fidelity MSCI Real Estate Index ETF were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FREL. Gradient Investments LLC purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 2nd quarter worth about $40,000. CWM LLC raised its stake 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 purchasing an additional 2,116 shares during the period. Red Mountain Financial LLC acquired a new position in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter valued at $217,000. MB Generational Wealth LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $218,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth $260,000.

Fidelity MSCI Real Estate Index ETF Trading Up 0.6 %

Shares of FREL opened at $28.77 on Wednesday. The stock’s fifty day simple moving average is $29.05 and its 200 day simple moving average is $27.26. Fidelity MSCI Real Estate Index ETF has a twelve month low of $23.58 and a twelve month high of $30.07. The firm has a market capitalization of $1.07 billion, a P/E ratio of 25.77 and a beta of 1.02.

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.