KFA Private Wealth Group LLC Makes New $26.17 Million Investment in Fidelity Real Estate Investment ETF $FPRO

KFA Private Wealth Group LLC purchased a new position in shares of Fidelity Real Estate Investment ETF (BATS:FPRO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,054,517 shares of the company’s stock, valued at approximately $26,170,000. Fidelity Real Estate Investment ETF comprises 7.0% of KFA Private Wealth Group LLC’s investment portfolio, making the stock its 2nd biggest position. KFA Private Wealth Group LLC owned approximately 156.22% of Fidelity Real Estate Investment ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FPRO. Sunbelt Securities Inc. acquired a new stake in shares of Fidelity Real Estate Investment ETF in the 1st quarter valued at $85,000. Nwam LLC bought a new stake in Fidelity Real Estate Investment ETF in the second quarter worth $90,000. Proficio Capital Partners LLC acquired a new position in Fidelity Real Estate Investment ETF during the second quarter worth $140,000. Finally, Rehmann Capital Advisory Group acquired a new position in Fidelity Real Estate Investment ETF during the second quarter worth $157,000.

Fidelity Real Estate Investment ETF Price Performance

BATS FPRO opened at $24.81 on Wednesday. Fidelity Real Estate Investment ETF has a fifty-two week low of $21.95 and a fifty-two week high of $26.30. The stock’s 50-day moving average is $25.31 and its two-hundred day moving average is $24.62. The firm has a market cap of $16.75 million, a P/E ratio of 40.43 and a beta of 1.03.

Fidelity Real Estate Investment ETF Company Profile

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.