Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Reaches New 12-Month High – Still a Buy?

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.13 and last traded at $30.09, with a volume of 41693 shares trading hands. The stock had previously closed at $29.95.

Fidelity MSCI Real Estate Index ETF Stock Performance

The company has a market capitalization of $1.48 billion, a PE ratio of 34.96 and a beta of 0.98. The business’s 50-day moving average is $28.92 and its 200-day moving average is $28.09.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 30.8% in the fourth quarter. AE Wealth Management LLC now owns 1,614,618 shares of the company’s stock worth $43,417,000 after acquiring an additional 380,393 shares during the period. Truefg LLC grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 3.8% in the fourth quarter. Truefg LLC now owns 665,978 shares of the company’s stock worth $17,908,000 after acquiring an additional 24,540 shares during the period. Marotta Asset Management grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 18.1% in the fourth quarter. Marotta Asset Management now owns 217,461 shares of the company’s stock worth $5,848,000 after acquiring an additional 33,287 shares during the period. Citizens & Northern Corp grew its stake in shares of Fidelity MSCI Real Estate Index ETF by 32.2% in the fourth quarter. Citizens & Northern Corp now owns 1,087,071 shares of the company’s stock worth $29,231,000 after acquiring an additional 264,741 shares during the period. Finally, Payne Capital Management LLC boosted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 6.5% in the fourth quarter. Payne Capital Management LLC now owns 297,826 shares of the company’s stock worth $8,009,000 after buying an additional 18,192 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.