Fidelity Real Estate Investment ETF (BATS:FPRO) Trading Up 0% – Should You Buy?

Fidelity Real Estate Investment ETF (BATS:FPRO) shares shot up 0% during mid-day trading on Friday . The company traded as high as $25.92 and last traded at $25.71. 8,682 shares were traded during trading, an increase of 102% from the average session volume of 4,288 shares. The stock had previously closed at $25.70.

Fidelity Real Estate Investment ETF Stock Performance

The stock has a market cap of $17.35 million, a P/E ratio of 40.43 and a beta of 1.03. The company’s 50 day moving average price is $24.90 and its 200-day moving average price is $24.04.

Institutional Investors Weigh In On Fidelity Real Estate Investment ETF

An institutional investor recently bought a new position in Fidelity Real Estate Investment ETF stock. Sunbelt Securities Inc. acquired a new stake in Fidelity Real Estate Investment ETF (BATS:FPRO) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,700 shares of the company’s stock, valued at approximately $85,000. Sunbelt Securities Inc. owned about 0.55% of Fidelity Real Estate Investment ETF as of its most recent filing with the SEC.

About Fidelity Real Estate Investment ETF

The Fidelity Real Estate Investment ETF (FPRO) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively-managed, non-transparent ETF that invests in global real estate companies. The fund utilizes the Fidelity non-transparent model. FPRO was launched on Feb 2, 2021 and is managed by Fidelity.