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

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

Fidelity MSCI Real Estate Index ETF Price Performance

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

Institutional Investors Weigh In On Fidelity MSCI Real Estate Index ETF

A number of large investors have recently bought and sold shares of FREL. Flagship Harbor Advisors LLC bought a new position in Fidelity MSCI Real Estate Index ETF during the fourth quarter valued at about $26,000. SHP Wealth Management acquired a new position in shares of Fidelity MSCI Real Estate Index ETF during the 4th quarter valued at about $27,000. Transamerica Financial Advisors LLC raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 147.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,835 shares of the company’s stock valued at $49,000 after acquiring an additional 1,094 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Fidelity MSCI Real Estate Index ETF by 180.3% in the 1st quarter. Fifth Third Bancorp now owns 1,881 shares of the company’s stock valued at $51,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Stone House Investment Management LLC lifted its holdings in Fidelity MSCI Real Estate Index ETF by 33.0% in the 4th quarter. Stone House Investment Management LLC now owns 2,217 shares of the company’s stock worth $60,000 after purchasing an additional 550 shares during the last quarter.

Fidelity MSCI Real Estate Index ETF Company Profile

(Get Free Report)

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.

Further Reading

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