Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 52-Week High – Still a Buy?

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.67 and last traded at $29.65, with a volume of 65376 shares traded. The stock had previously closed at $29.03.

Fidelity MSCI Real Estate Index ETF Stock Performance

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. The company has a fifty day simple moving average of $28.81 and a two-hundred day simple moving average of $28.05.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Fidelity MSCI Real Estate Index ETF by 1,833.6% in the 1st quarter. Jones Financial Companies Lllp now owns 13,632 shares of the company’s stock valued at $374,000 after buying an additional 12,927 shares during the period. Focus Partners Wealth acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 1st quarter valued at about $303,000. JPMorgan Chase & Co. lifted its holdings in shares of Fidelity MSCI Real Estate Index ETF by 33.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 56,975 shares of the company’s stock worth $1,541,000 after acquiring an additional 14,334 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 26.8% in the second quarter. Diversify Advisory Services LLC now owns 50,011 shares of the company’s stock worth $1,351,000 after acquiring an additional 10,574 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its position in shares of Fidelity MSCI Real Estate Index ETF by 2.3% in the second quarter. Diversify Wealth Management LLC now owns 150,809 shares of the company’s stock worth $4,073,000 after acquiring an additional 3,321 shares during the last quarter.

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.