Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sets New 12-Month High – Here’s What Happened

Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) shares reached a new 52-week high on Thursday . The stock traded as high as $30.17 and last traded at $30.16, with a volume of 25861 shares traded. The stock had previously closed at $29.73.

Fidelity MSCI Real Estate Index ETF Stock Up 1.8%

The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 34.96 and a beta of 0.98. The business has a 50-day moving average price of $29.36 and a 200-day moving average price of $28.46.

Institutional Trading of Fidelity MSCI Real Estate Index ETF

Hedge funds have recently bought and sold shares of the company. HF Advisory Group LLC lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 2.3% in the 2nd quarter. HF Advisory Group LLC now owns 55,036 shares of the company’s stock valued at $1,613,000 after acquiring an additional 1,242 shares in the last quarter. Integrated Capital Management Inc. increased its stake in Fidelity MSCI Real Estate Index ETF by 6.6% in the 2nd quarter. Integrated Capital Management Inc. now owns 33,324 shares of the company’s stock valued at $976,000 after buying an additional 2,060 shares during the period. Dynamic Advisor Solutions LLC lifted its position in Fidelity MSCI Real Estate Index ETF by 4.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 218,481 shares of the company’s stock worth $6,402,000 after buying an additional 9,659 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Fidelity MSCI Real Estate Index ETF by 25,321.8% during the 1st quarter. Bank of America Corp DE now owns 10,268,643 shares of the company’s stock valued at $276,329,000 after buying an additional 10,228,250 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in shares of Fidelity MSCI Real Estate Index ETF by 74.8% during the 1st quarter. Sunbelt Securities Inc. now owns 29,789 shares of the company’s stock valued at $802,000 after acquiring an additional 12,747 shares in 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.