Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Stock Breaks Above 200 Day Moving Average – Should You Sell?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.70 and traded as high as $28.92. Fidelity MSCI Real Estate Index ETF shares last traded at $28.86, with a volume of 292,638 shares traded.

Fidelity MSCI Real Estate Index ETF Price Performance

The business’s 50-day moving average is $28.20 and its 200 day moving average is $28.72. The firm has a market capitalization of $1.46 billion, a P/E ratio of 34.96 and a beta of 0.95.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Fidelity MSCI Real Estate Index ETF by 25,321.8% in the 1st quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock worth $276,329,000 after purchasing an additional 10,228,250 shares during the period. Black Diamond Financial LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 10.6% in the third quarter. Black Diamond Financial LLC now owns 992,015 shares of the company’s stock worth $26,963,000 after purchasing an additional 94,679 shares during the last quarter. Truefg LLC grew its position in Fidelity MSCI Real Estate Index ETF by 3.0% during the 3rd quarter. Truefg LLC now owns 728,436 shares of the company’s stock worth $19,799,000 after acquiring an additional 21,159 shares during the last quarter. Riverpoint Wealth Management Holdings LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 5.7% during the first 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 during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Fidelity MSCI Real Estate Index ETF in the 3rd quarter worth approximately $12,085,000.

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.