Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL – Get 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
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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