Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) Sees Unusually-High Trading Volume – Here’s Why

Shares of Fidelity MSCI Real Estate Index ETF (NYSEARCA:FREL) saw an uptick in trading volume on Tuesday . 1,405,934 shares were traded during trading, an increase of 176% from the previous session’s volume of 509,405 shares.The stock last traded at $28.61 and had previously closed at $28.47.

Fidelity MSCI Real Estate Index ETF Trading Up 0.5%

The company’s 50-day simple moving average is $27.96 and its 200 day simple moving average is $27.64. The stock has a market cap of $1.42 billion, a P/E ratio of 34.96 and a beta of 1.03.

Hedge Funds Weigh In On Fidelity MSCI Real Estate Index ETF

Several institutional investors have recently added to or reduced their stakes in the stock. PKS Advisory Services LLC increased its holdings in Fidelity MSCI Real Estate Index ETF by 1.1% during the third quarter. PKS Advisory Services LLC now owns 35,085 shares of the company’s stock worth $976,000 after buying an additional 398 shares during the last quarter. Independent Solutions Wealth Management LLC lifted its stake in Fidelity MSCI Real Estate Index ETF by 0.3% in the third quarter. Independent Solutions Wealth Management LLC now owns 115,915 shares of the company’s stock valued at $3,224,000 after purchasing an additional 404 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Fidelity MSCI Real Estate Index ETF by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 8,090 shares of the company’s stock valued at $218,000 after purchasing an additional 411 shares during the period. Palisades Hudson Asset Management L.P. increased its position in Fidelity MSCI Real Estate Index ETF by 0.7% in the third quarter. Palisades Hudson Asset Management L.P. now owns 61,594 shares of the company’s stock worth $1,713,000 after buying an additional 453 shares during the last quarter. Finally, Essential Planning LLC. lifted its position in shares of Fidelity MSCI Real Estate Index ETF by 0.4% during the 3rd quarter. Essential Planning LLC. now owns 131,973 shares of the company’s stock valued at $3,670,000 after buying an additional 470 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.