Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 1-Year High – Here’s Why

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FRELGet Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.06 and last traded at $28.82, with a volume of 196537 shares changing hands. The stock had previously closed at $28.81.

Fidelity MSCI Real Estate Index ETF Price Performance

The stock has a market cap of $1.43 billion, a P/E ratio of 34.96 and a beta of 1.03. The stock’s 50-day moving average is $27.66 and its two-hundred day moving average is $27.55.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently added to or reduced their stakes in FREL. Compound Planning Inc. purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth approximately $649,000. Corient Private Wealth LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock valued at $218,000 after purchasing an additional 411 shares in the last quarter. Cetera Investment Advisers lifted its position in Fidelity MSCI Real Estate Index ETF by 5.3% during the fourth quarter. Cetera Investment Advisers now owns 431,015 shares of the company’s stock valued at $11,590,000 after purchasing an additional 21,574 shares during the last quarter. Townsend Financial Planning LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter worth about $4,524,000. Finally, Royal Bank of Canada raised its position in shares of Fidelity MSCI Real Estate Index ETF by 48.2% during the 4th quarter. Royal Bank of Canada now owns 111,061 shares of the company’s stock valued at $2,986,000 after buying an additional 36,144 shares in the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

(Get Free Report)

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.

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