Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 12-Month High – Here’s Why

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $29.67 and last traded at $29.65, with a volume of 65376 shares trading hands. The stock had previously closed at $29.03.

Fidelity MSCI Real Estate Index ETF Trading Up 2.5%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. The stock’s 50-day moving average is $28.68 and its 200-day moving average is $28.01.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truefg LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 6.3% during the 3rd quarter. Truefg LLC now owns 641,438 shares of the company’s stock worth $17,838,000 after purchasing an additional 38,022 shares in the last quarter. AE Wealth Management LLC lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock valued at $43,417,000 after purchasing an additional 380,393 shares in the last quarter. Marotta Asset Management boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 18.1% during the fourth quarter. Marotta Asset Management now owns 217,461 shares of the company’s stock valued at $5,848,000 after buying an additional 33,287 shares during the last quarter. Citizens & Northern Corp boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 32.2% during the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock valued at $29,231,000 after buying an additional 264,741 shares during the last quarter. Finally, PFG Advisors bought a new stake in Fidelity MSCI Real Estate Index ETF during the third quarter worth $514,000.

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.