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

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) hit a new 52-week high during trading on Wednesday . The company traded as high as $29.02 and last traded at $29.01, with a volume of 229799 shares traded. The stock had previously closed at $28.73.

Fidelity MSCI Real Estate Index ETF Price Performance

The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.96 and a beta of 1.03. The business has a 50 day moving average of $27.46 and a 200 day moving average of $27.48.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently bought and sold shares of FREL. Global Retirement Partners LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the second quarter valued at $418,000. Fifth Third Securities Inc. purchased a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter valued at $590,000. Integrated Capital Management Inc. bought a new position in shares of Fidelity MSCI Real Estate Index ETF during the 3rd quarter worth $888,000. American Financial & Tax Strategies Inc. increased its holdings in Fidelity MSCI Real Estate Index ETF by 1.5% in the 2nd quarter. American Financial & Tax Strategies Inc. now owns 189,228 shares of the company’s stock worth $5,117,000 after acquiring an additional 2,860 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Fidelity MSCI Real Estate Index ETF by 12.7% in the 2nd quarter. MAI Capital Management now owns 380,222 shares of the company’s stock worth $10,281,000 after acquiring an additional 42,827 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.