Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Hits New 52-Week 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 $29.79 and last traded at $28.8230, with a volume of 503 shares traded. The stock had previously closed at $28.38.

Fidelity MSCI Real Estate Index ETF Trading Up 1.5%

The stock has a market capitalization of $1.43 billion, a P/E ratio of 34.96 and a beta of 1.03. The firm’s fifty day moving average is $27.39 and its 200-day moving average is $27.46.

Institutional Inflows and Outflows

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