Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 1-Year High – What’s Next?

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.06 and last traded at $28.82, with a volume of 196537 shares changing hands. The stock had previously closed at $28.81.

Fidelity MSCI Real Estate Index ETF Stock Up 0.0%

The stock has a 50-day moving average price of $27.59 and a 200 day moving average price of $27.52. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03.

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

Large investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter worth $26,000. Atlantic Union Bankshares Corp purchased a new position in Fidelity MSCI Real Estate Index ETF in the second quarter valued at $27,000. Geneos Wealth Management Inc. acquired a new stake in Fidelity MSCI Real Estate Index ETF in the third quarter valued at $33,000. Transamerica Financial Advisors LLC raised its stake in Fidelity MSCI Real Estate Index ETF by 147.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after buying an additional 1,094 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 33.0% during the 4th quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after buying an additional 550 shares during the last quarter.

About Fidelity MSCI Real Estate Index ETF

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.