Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares saw unusually-strong trading volume on Tuesday. Approximately 1,478,307 shares traded hands during trading, an increase of 339% from the previous session’s volume of 336,690 shares. The stock last traded at $27.3840 and had previously closed at $27.48.

Fidelity MSCI Real Estate Index ETF Trading Down 0.5%

The business’s 50-day simple moving average is $29.37 and its two-hundred day simple moving average is $29.02. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 34.96 and a beta of 0.97.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Hedge funds have recently added to or reduced their stakes in the business. Livet Wealth LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 4th quarter valued at $2,216,000. Riverpoint Wealth Management Holdings LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 5.7% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 555,858 shares of the company’s stock valued at $14,958,000 after acquiring an additional 30,075 shares in the last quarter. Marotta Asset Management boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 16.1% during the first quarter. Marotta Asset Management now owns 252,566 shares of the company’s stock valued at $6,819,000 after buying an additional 35,105 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 49.4% in the 1st quarter. Diversify Wealth Management LLC now owns 329,694 shares of the company’s stock worth $9,492,000 after acquiring an additional 109,052 shares in the last quarter. Finally, Pasadena Private Wealth LLC bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter worth approximately $5,936,000.

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.